The Untold Story of the Boeing 787 Finally Hits the Fan
Congratulations to James B. Stewart on a superb New York Times article yesterday on Boeing's 787 crisis. As he has pointed out, fully 35 percent of the manufactured content of the 787, the troubled, if superbly advanced, new Boeing jetliner, is being sourced from Japan. This reflects a highly organized, subsidy-drenched effort by the Japanese government to succeed the United States as the world leader in aerospace. All in all, 70 percent of the 787 is being manufactured outside the United States, up from less than 2 percent for the 747 in the late 1960s. A reasonable guess -- if one that Stewart stops short of suggesting -- is that Boeing is going the way of Zenith, Xerox, and General Motors, erstwhile American industrial titans that have had their clocks cleaned in East Asia.