Boeing

“Well, no, they're not even building new airplanes anymore, let alone innovative new airplanes.”

“This is a room that does not exist at GE or Rolls-Royce or Boeing or any other large aerospace company.”

“And it has only kind of big companies, Boeing, Lockheed, et cetera, that are really terrible cultures.”

“It's split up into pieces. And it was completely fragile. Not robust because he gutted it of the future research. But the people that were there were hired and considerably valuable because they'd grown up in that system. Two of them which went on to become le…”

“Boeing and Airbus have a trillion dollars of backlog over the next 10 years.”

“Got to work at Boeing during college, got to see what a cost-plus government program looked like, thousands of people going extremely slow, decided I didn't want to do that, Didn't want to go back to Boeing, instead went to SpaceX”

“If somebody can't come out of somebody who's building a car for Ford or General Motors or an airplane at Boeing or a rocket ship for SpaceX, And we can't get them highly effective building ships quickly. That's our fault. That means our design isn't simple eno…”

“Kelly selling planes. He's already sold 200.”

“So WeWork with about 600, WeWork, 600 companies around the world. Think Boeing, Bombardier, Rolls-Royce, Porsche, Revolut, helping them manage their own workplaces.”

“When was the last Boeing CEO to be an engineer? I think it was 2004.”

“Where Boeing invests upfront in analysis, SpaceX invest upfront in prototypes.”

“Boeing wants to use it to build fighter jets. I can't have that because I don't trust what the outputs may be because they're so wedded to their own policy preferences.”

“I didn't blame Boeing. I blamed leadership failures and poor decision-making at NASA to make sure our culture is going the right direction.”

“Pentagon officials from the journal have reached out The defense contractors, including Lockheed Martin and Boeing in recent days to gauge how much they use Claude.”

“So when you have an industry that's so heavily consolidated, they don't want new entrants. And so Boeing sued us instantly.”

“If, in America, I didn't think it was possible for a competitor to weaponize the government to come after you. And we saw that. It was unbelievable. It was you know, one of my engineers was set up to look like he was like a Chinese spy, and it was totally fake…”

“So we were competing against Boeing, Northrop Grumman, Lockheed Martin, and in the end, Andrel beat all of them.”

“We were competing against Boeing, Northrop Grumman, Lockheed Martin, and in the end, Andrew beat all of them, which was really really gratifying to, you know, go from starting this company to going toe to toe with the guys who are legends of the fighter commun…”

“But if we take a look at many of America's apex manufacturers, companies like Boeing making aviation, Intel making chips, Detroit and Tesla making vehicles, mostly that's been going downhill.”

“So I met, you know, 10th class pass girls from Hinterland, Odessa, who actually build Boeing aircraft bodies for Tata Advanced Systems Limited. So in Hyderabad, the TASL, as they're called, they make aircraft bodies.”

“Bonus depreciation is awesome. If you're Boeing, It's awesome if you're a real estate developer. And that's great, but it doesn't do anything for a startup because they're a C Corp. So it doesn't pass through their investors. They have plenty of net operating …”

“Lockheed and Boeing had a cost plus contract model. And how many rockets flew? Almost no, almost none flew from them. Because if the moment you rocket start flying, the project has to be closed down.”

“By the way, that trade deal, we also eliminated the two percent surtax on big tech companies, and then Howard just said today that They're gonna announce a ten billion dollar order from Boeing on top of that as well.”

“My guess is that like the reason it has taken so long for COMAC to get its shit together and build competitors to Boeing and Airbus is Is probably the fact that it is state owned and there are just like poor incentives going on versus the sort of free market …”

“If SpaceX does not exist right now, like the United States would neither have like Boeing able to take crew to the ISS, nor would it have Northrop Grumman able to take, you know, basically cargo to the ISS. And so it's like, You know without SpaceX, the astron…”

“NASA's predisposition was to do a single contractor for it. The plan was for it to be Boeing. They were marching down that plan. They were weeks away from announcing. They backtracked in the final moments and they're deciding, okay, actually we should have a s…”

“The entire structure of the contract is kind of insane in that they literally just, you know, gave SpaceX the same workload, but said the price for you doing it is going to be half of Boeing.”

“The Biden administration clearly turned that down because they didn't want to give SpaceX a political, an Elon, a political win against Boeing in the midst of the, you know, campaign was campaigning for Trump.”

“When commercial crew was originally getting started, the original plan by NASA was to only, you know, do it as a sole source of war, just a Boeing. SpaceX was seen as a bunch of, you know, cowboys who has that had no chance of actually being able to be trusted…”

“I think SpaceX had a third the amount of money that Boeing was given to make Starliner work.”

“I went with the kind of old defense and aerospace providers, Boeing, Lockheed Martin, Raytheon. Driven by kind of China dominance, driven by US defense budgets that I think are going to need to shift towards a more kind of tech oriented and ROI driven rational…”

“I just think that that's going to be the next Boeing.”

“The largest satellite manufacturer is not Northrop Grumman or Lockheed or Boeing. It's SpaceX, right? Have a factory that makes this at scale at a scale unimaginable”

“Northrop Grumman over the last 15 years has had a total compounded annual shareholder return of just over 20%. Lockheed and Boeing are just behind them at about 15%. The S&P 500 over the exact same time period has an 11.6% total compounded annual return.”

“I don't see it as like Lockheed, Boeing, Northrop, Raytheon, et cetera. We're going to take all of them down. I don't see that at all. I think it's going to be like, we're going to become the sixth prime alongside them and that there's still plenty, plenty, pl…”

“When the military awarded a national security launch contract to Lockheed or Boeing, they signed a cost plus agreement where any delays were billed to the government. Plus a fee.”

“Elon did a very good job selecting places to build where the cultures were so bad at the competitors that he could kind of be a dick and also push people really hard. And the working environment didn't have to be that great because if you want to work on rocke…”

“Toyota we found pays Matlab, fifty million dollars a year. Boeing pays Simulink and MATLAB hundreds of millions. Samsung has an eight figure contract with Atlassian.”

“To date, by the way, Boeing has taken a 1.6 billion dollar financial hit On the development of this program. SpaceX, by the way, won a 2.6 billion dollar contract to develop the Crew Dragon capsule, and just to give you guys a sense, the Crew Dragon capsule ha…”

“Boeing is these three very complicated businesses that try to live as one. So you have a commercial airline business, you have a defense business, and you have the space business. I'll be the first one to say that I think it's extremely difficult to be good at…”

“We do training for Lockheed Martin, Boeing, SpaceX, Blue Origin you know manufacturing companies across the country, across the world.”

“That's kind of one of my missions now, is I'm trying to build a coalition of, I'm not trying to, I am, I've got some, like, some people from Boeing and a few other large corporations that want to get behind this and, ah, you know, spread the word.”

“Because like in order to actually, if you're really gonna replace actual work and people, you need to start a new company basically. I mean, it's very, very hard to go in and re-engineer the way, you know, Good luck re-engineering the way Boeing works, given i…”

“I think like in the Boeing case, I think the big problem was the CEO was an accountant.”

“We have three Boeing seven 47 in the Flexport fleet. They're not really our planes. They're run by Atlas air. We they paint them with our logo because we we've signed long-term contracts to commit to buying capacity from them.”

“So he negotiated for a year with Boeing. Till he finally got them to agree that he'd buy all these jets. But a year from now, if he was not able to be profitable in business or stay in the business, he could return all the jets with no credit loss, no cost to …”

“Boeing, as an example, in like the last four years, how much money do you think they've spent on lobbyists and PACs? I'll tell you, sixty-five million dollars. How much have they spent just in the last year? Almost eleven million dollars.”

“And for 20 months, the seven, three, seven max models were grounded and that cost the company over twenty one billion dollars.”

“In some ways, the more grotesque display was what we saw at the business, the US-China Business Council meeting afterwards, where you had, you know, American CEOs giving Xi Jinping a standing ovation to include defense contractors, by the way. Raytheon, Boeing…”

“Well now several business groups, everyone from the small software crowd to biotech startups to big companies like Boeing, are coming together on a new formal letter to Congress.”

“So in 1977, a year before deregulation, we bought our first brand new plane, brand new, seven, three, seven, from Boeing, and we leased it to a British airline called Britannia Airways, which was the largest charter airline in Europe. So we already reached the…”

“And then we did a deal with Boeing and ordered a 130 brand new planes, speculatively.”

“So this one dude was responsible for founding or playing a major role in three of the remaining five defense prime contractors today.”

“All these contracts kind of go to all of the contractors. They just rotate around who's the prime on it, and the prime makes the most money, and then it has the most sort of sway, and you don't want to be with a subcontractor, you'd rather be the prime contrac…”

“In 2014, I was working full time as an aerospace engineer for Boeing, but I decided to start driving for Uber and Lyft on the side.”

“I always have like maybe 12 or 13 people reporting to me, which a lot of people always wondered how I did that, but I had to have Every discipline need to be on that team, because if not, then if you have the haves and the have nots on the leadership team, you…”

“So when you're designing the airplane, we include not only the airlines, but we include, of course, all the employees, all the suppliers, all the certification agencies around the world, all the cities in which the airplane is going to be used, and all of the …”

“The competitive threat in tech is generally not someone doing the same thing as you, but better. Or let me kind of qualify that. Each market sort of goes for an S-curve, and there's like an early period where everyone's fighting it out to win. So this is like …”

“In the late 20 twenties, I think it will be absolutely impossible for either of those two companies to say, we're going to launch a brand new airplane that will burn hydrocarbons, right?”

“Well, the sign that I had responsible for happens to be one we all know well, which was the lavatory occupied sign.”