Boeing Is So Big That Its 737 Max Production Halt Will Slow The Economy

Boeing | December 18, 2019

Boeing Is So Big That Its 737 Max Production Halt Will Slow The Economy
If there's one company that can slow U.S. growth to a crawl, it's Boeing. The aircraft and aerospace giant is so important to the economy - it's the No. 1 exporter - that its decision this week to suspend production of its troubled 737 Max airplane is expected to reverberate throughout the manufacturing sector. Several analysts project that the move will slash economic growth by half a percentage point and eventually lead to layoffs. To some extent, we've already started to see the impact of reduced production at Boeing, and the impact has filtered through to [the overall economy, says Gregory Daco, chief U.S. economist at Oxford Economics.

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The destructive testing required to assess weld strength and meet government safety standards produces high rates of waste. In addition, the standard peel-and-chisel technique is unreliable for high-strength steels.

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Spotlight

The destructive testing required to assess weld strength and meet government safety standards produces high rates of waste. In addition, the standard peel-and-chisel technique is unreliable for high-strength steels.