Boeing Says More Work Could Stay In-House
Boeing announced quarterly earnings Wednesday morning that beat analysts' expectations. CEO Jim McNerney said part of the company's success story is the new economics of its labor force.
Boeing said 80 percent of its workforce will soon be off the traditional defined-benefit pension. McNerney said that gives Boeing leeway to keep more work in-house and not outsourced to other companies.
His statement comes as Boeing told analysts that it will continue to lose money on its 787 Dreamliner production line into 2016. That plane was heavily outsourced, and it suffered years of production delays.
The company said it's now looking into robots to handle more work on its new 777X line.