Phil Condit
Phil Condit
Philip Murray Conditis an American businessman who was Chairman and Chief Executive Officerof the Boeing company from 1996 to 2003...
NationalityAmerican
ProfessionBusinessman
Date of Birth2 August 1941
CountryUnited States of America
airplane commercial financial operating operations performance produce
We have experienced unsatisfactory financial performance with our commercial airplane operations, ... Our expectations are that commercial airplane operations produce significant, double-digit operating margins,
central community customers determined existing financial location needs operating separate
As we've grown, we have determined that our headquarters needs to be in a location central to all our operating units, customers and the financial community -- but separate from our existing operations,
aerospace agreement attract believe best fair meets needs protects retain
It is a very fair agreement in my judgment. I think it meets the needs of SPEEA, and I believe it protects the long-term needs of the company, ... I believe we will be able to attract and retain the world's best aerospace engineers.
aerospace businesses clear global growing major solutions
We've made it clear that we are transforming Boeing into a global aerospace solutions provider, and growing our aviation-services businesses is a major part of that transformation.
point
Overall, at this point I'm pretty positive, ... We've got things going in the right way. Now, we've got to go out and do it.
heading market passenger service towards
We think the market is heading towards more point-to-point service. You as the passenger want to get where you want to go, and that's not necessarily through a hub.
changes concluded management team
We concluded there must be significant changes in the composition of the management team at this time.
aerospace among brings companies company enhances industrial merger position premier strong together truly
Today's announcement brings together two strong aerospace companies with complementary capabilities. The merger enhances our position as the No. 1 aerospace company in the world and truly among the world's premier industrial firms.
announced change continued demand employment increase market production rate reflects response strong
Today's announced production rate increase is in response to continued strong market demand for the 777, and the employment increase reflects today's rate change as well as staffing requirements for product development activities.
approval deeply douglas given gratified
We are deeply gratified that the (FTC) has given unconditional approval to the Boeing/McDonnell Douglas merger,
accept commercial company losses problem terms
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.
business core fit growth internal looking
We are looking at internal growth opportunities, ... We're also looking externally at things that fit with our business and that would be complementary to our core business.
believe largest support
We believe we have the support of most of our 20 largest shareholders.
agreement bargaining full hope members pleased reached
We are pleased to have reached this agreement with the SPEEA bargaining committee, and hope that all SPEEA members give this agreement their full consideration,