These actions are in addition to ongoing initiatives to improve productivity and reduce costs.
More Quotes from Phil Condit:
We are deeply gratified that the (FTC) has given unconditional approval to the Boeing/McDonnell Douglas merger,Phil Condit
One of the things Wall Street does not like is ambiguity. Now that the agreement is there, it begins to make the future look a little less cloudy, and that's positively received by Wall Street,
Phil Condit
We don't have a problem with loans, but the terms of such loans, ... If they're on commercial terms all is well and good. But the company must accept losses on commercial terms.
Phil Condit
The end result, ... is that we are ensuring a stronger, more competitive company that will be able to provide more opportunities for employees over the long term.
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Two quarters doesn't make a trend, but it's a heck of a lot better than none.
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Meanwhile, other companies are looking for new ways to take advantage of GPS. Next month, Boeing plans to pitch an ambitious plan to the FAA for a system to better track planes at high altitudes as they travel across the country. We have the capability to know precisely where every plane is and to display that, ... The technology is not being used.
Phil Condit
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