Why is Boeing on the edge?

Boeing is a company with a long tradition, making history with the 747 in commercial aviation, the B-17 Flying Fortress in defense, the first stage of the Saturn V, and several modules of the ISS in the space sector. But since February 2020, the company has lost half of its value on the stock market and is now struggling with problems in crucial business areas. The Covid crisis has only played a part in this.

The fact that Boeing, unlike most other defense contractors, didn't even benefit from the Russian invasion of Ukraine shows how deep the problems are. In this video, we want to shed some light on the background.

Script by Sven Piper Proofreading: Aby Jane Richards Voice over: Tom Bennett Editing: Sven Piper

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0:00 Intro 0:11 Background information 0:51 William E. Boeing 1:13 World War I & Fokker D.VII 1:39 Airmail Service 2:22 World War II & Me 262 3:03 Death of the Founder 3:10 707 & 737 4:10 Merger with McDonnell Douglas 4:56 737 MAX Disaster 7:00 Political Engineering, instead of the Art of Engineering 7:59 Bad Deals 8:29 Restricted Personnel Selection 9:53 SLS 10:27 Conclusion 10:54 Ending

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Sources: [1] https://www.boeing.com/resources/boeingdotcom/history/pdf/Boeing-Chronology.pdf [2] https://www.airforcemag.com/PDF/MagazineArchive/Documents/2008/March%202008/0308airmail.pdf [3] https://www.faa.gov/sites/faa.gov/files/about/history/milestones/Airmail_Comes_of_Age.pdf [4] https://www.justice.gov/opa/pr/boeing-charged-737-max-fraud-conspiracy-and-agrees-pay-over-25-billion [5] https://www.defensenews.com/industry/2022/04/27/boeing-ceo-regrets-air-force-one-deal-amid-big-quarterly-losses/ [6] https://www.cnn.com/2022/05/09/business/boeing-headquarters-move/index.html

Music: The Music was provided by Artlist.io

Footage: In the video used footage is from Storyblocks.com, Artgrid.io, Boeing and Wikipedia with a Creative Common license (https://creativecommons.org/licenses/by/2.0/).

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Version 1.0

#Boeing #737MAX #SLS ... https://www.youtube.com/watch?v=05dmGPOdsl0