How Boeing Is Trying to Cut Costs Ahead of Its 100th Anniversary

The manufacturer says airlines want more capable planes at lower prices. Boeing is stepping up efforts to conserve cash, cut costs in its supply chain, and trim inventory of parts in its factories, while telling vendors it will take longer to pay bills, Boeing and aerospace industry executives said. Under the new terms, Boeing BA -0.48% is taking up to 120 days to pay, rather than 30 days in the past, these people said. The new payment schedules are being rolled out this year. (www.stumbleupon.com) Más...