GeorgeWelch wrote:Two big events happened that changed the market.
1. The GWOT
Began in 2001.
GeorgeWelch wrote:2. The tsunami.
Here are the real catalysts.
- A Dec 28 2005 Washington Post article, informs us that the Boeing C-17 plant does not have enough orders to stay open beyond 2008. The article explains that Boeing is not lobbying too hard in Washington by fear that the Pentagon may decide to invest in a Lockheed C-5B upgrade program instead of buying more C-17s, of which the Air Force ordered 180.
- On January 20, 2006, Lockheed receives a contract to upgrade existing Lockheed C-5 Galaxys.
- On February 3 2006, the USA' 2006 Quadrennial Defense Review is released and the USAF mobility study decides to cap Boeing C-17 production at 180 units and mothball the production line in 2008.
- On March 3rd 2006, Australia announces it will purchase 4 Boeing C-17s. First overseas client.
- Around March 10th 2006, Boeing sends 150 of its C-17 suppliers to Washington to lobby for the C-17.
- On April 5th and 6th, CADSI organized its annual CANSEC military show at Ottawa where a Boeing C-17 was on display.
- On May 11 2006, Boeing issues a press release stating that Canada is running out of time for ordering C-17s.
- On June 22 2006, after heated debate about the C-17 purchase, Canadian Parliament closes for the summer. No more opposition to worry about until Sept 18 2006.
- On July 4 2006 Canada announces the single source purchase of 4 Boeing C-17s (second foreign customer)
- On July 13, 2006, Boeing orders its supplier to stop work as of Aug 18 if no further orders are received.
- On August 4th 2006, the UK announces that not only will it purchase the 4 Boeing C-17s that it leased, but it ordered a 5th aircraft (third foreign customer)
- On August 18 2006 Boeing announces that is no further orders are received, that production will end in 2009, resulting in the loss of 5,500 direct jobs in the US, plus another 25,000 jobs from nationwide suppliers in 700 companies and 42 States.
- On September 12th 2006, NATO announces that some NATO members pooled together to purchase 4 Boeing C-7s (4th customer)
- In December 2006, under intense pressure and lobbying, the Pentagon reluctantly announces an order for an additional 10 Boeing C-17s, putting total USAF orders at 190.