It is impossible to know without having all of the details. I understand the carbon fiber wings are a major consideration. If Boeing agreed in the small print that all these wings would be built in the Seattle area and none would be shipped out by sea or specially modified aircraft, etc, that would guarantee jobs far into the future. Only time will tell "what is in it". Where have we heard that before? IMHO Ron
Added: It would be interesting to see what Ruck has to say. He terrorized Boeing in a previous life.
The problem is the "system". Once one state offered incentives, the other states were nuetered unless they did the same. Tax fee zones, grants, revolving loan funds should be banned. Same with any Federal Grants/incentives
Solyndra? etc., etc,.?
If a business can't make it on their own ingenuity, are they worth an incentive?
I have to wonder what our democratic Governor was promised to stump and sabre rattle to try to intice Boeing to move more production to their plant in St. Louis, knowing full well their was not a snowballs chance in hell of anything other than gov jays well being? Hope it works well for him and he gets what is due him....m
I believe management will still not be above the possibility of a move, but I have seen several instances where it was not a good choice, given the higher degree of absenteeism, lower cognitive skills, and increased rate of scrap production some other companies have had.
Boeings last earnings release was for Q3, they earned $1.51/share for a total profit of $1.15 billion. SLIGHTLY less than the $14 BILLION you referenced above. Q4 earnings will be released on January 29th, I'm guessing those will also be a little light of $14b, but really what's $12.9 billion dollars?
Don't worry about me, Tinster, I was just rattlin' your cage.
Re: your assessment of the Boeing P&L may be a little shakey. Please review.
Re: Boeing's remarkable success at triangulating its suitors, I say if the patsies are that easy, I hope they keep a 55 gal. drum of KY Jelly close by. Not my problem.
Getting money out of suckers is part of what made W.C. Fields famous. Think of it this way, if the Libs can sucker the GOP into springing for 90 more days of unemployment bennies, that will equal 6 Billion. Who gets to pay for that? And we don't even get so much as a Piper Cub out of that deal.
You're spending a lot of time charging at windmills. It's a plane, man, it ain't inter-galactic proton beam transfer. If all your buds at the plant are so frickin' unhappy, tell 'em to move to Colorado and take up ganja-culture. My read on this thing is that they have been sucking off that Big Bird's hind tat for so long they're spoiled. If Boeing sets sail for Talledega, there are plenty of good ol' boys down there that can build just about anything. Rumor has it that there are some smokin' hot country girls down there too, and they're just waiting to join the mile high club.