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SAFRAN

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Real-time Euronext Paris  -  11:35 2022-07-05 am EDT
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Boeing expects supply chain problems to last through most of 2023

06/22/2022 | 04:38am EDT
FILE PHOTO: Employees walk by the end of a 737 Max aircraft at the Boeing factory in Renton

DOHA (Reuters) - Boeing expects supply chain problems to persist almost until near the end of 2023, led by labour shortages at mid-tier and smaller suppliers, its chief executive said on Wednesday.

"It's been a real issue for both manufacturers and will probably stay that way in my view almost to the end of next year," Boeing Chief Executive David Calhoun said at Bloomberg's Qatar Economic Forum in Doha.

"And the biggest restraint of all for that mid-tier set of suppliers and sub-tier set of suppliers is labour availability, do we have a workforce," he said.

Boeing said on May 11 that 737 production had been slowed by shortages of a single type of wiring connector.

Reuters last month reported engine maker CFM International, a joint venture between GE and Safran, was facing industrial delays of six to eight weeks in the wake of supply-chain problems.

(Reporting by Jamie Freed, Alexander Cornwell and Tim Hepher, Editing by Louise Heavens)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CFM HOLDINGS LIMITED -2.82% 0.138 Delayed Quote.35.24%
SAFRAN -3.27% 91.8 Real-time Quote.-11.85%
THE BOEING COMPANY -2.48% 136.2408 Delayed Quote.-30.54%
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Financials
Sales 2022 18 256 M 19 038 M 19 038 M
Net income 2022 1 434 M 1 495 M 1 495 M
Net cash 2022 171 M 178 M 178 M
P/E ratio 2022 28,1x
Yield 2022 1,55%
Capitalization 40 502 M 42 238 M 42 238 M
EV / Sales 2022 2,21x
EV / Sales 2023 1,85x
Nbr of Employees 77 008
Free-Float 81,4%
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Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 94,90 €
Average target price 125,39 €
Spread / Average Target 32,1%
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Managers and Directors
Olivier Andriès Chief Executive Officer & Director
Pascal Joel Jacky Bantegnie Group Treasurer
Ross McInnes Chairman
Frédéric Verger Executive VP, Chief Digital & Information Officer
Eric Dalbies Chief Technology Officer & Senior EVP-Strategy
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