Sequester pain just starting: Boeing exec

Jul 24, 2013 | 05:39 PM | Frank Haflich

Tags  Boeing, 787 dreamliner, 737 dreamliner, sequestration, quarterly earnings, Jim McNerney, aerospace, Frank Haflich

LOS ANGELES — The worst is yet to come for defense contractors facing the impact of federal budget sequestration, Boeing Co. warned this week.

While Boeing has seen "some impact of sequestration," it anticipates an even greater impact, including "some pretty draconian types of scenarios," Jim McNerney, chairman, president and chief executive officer of the Chicago-based aerospace company, said during an earnings call.

"We are not out of the woods at all," he said, without detailing the probable effects of further cutbacks. "We are just entering the woods.....





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