flyingbronco05
Posts: 3484
Joined: Fri May 10, 2002 11:43 am

Boeing Cuts Price Tag For S. Korea

Wed May 15, 2002 2:37 pm

Boeing cuts fighter jet price for South Korea.

http://biz.yahoo.com/rc/020514/arms_korea_boeing_1.html

My question: Why would they do this?
Never Trust Your Fuel Gauge
 
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RE: Boeing Cuts Price Tag For S. Korea

Wed May 15, 2002 3:40 pm

South Korea told them too.
 
jwenting
Posts: 9973
Joined: Mon Apr 23, 2001 10:12 pm

RE: Boeing Cuts Price Tag For S. Korea

Wed May 15, 2002 4:02 pm

The French government probably offered Dassault enough subsidies that they could lower the price enough to make the Koreans think about cancelling the order unless Boeing lowered the price as well.
Standard French tactic, Dassault is (partially) state-owned.
I wish I were flying
 
Contact_tower
Posts: 534
Joined: Mon Sep 17, 2001 4:05 am

RE: Boeing Cuts Price Tag For S. Korea

Thu May 16, 2002 2:06 am

Boeing might not be state owned, but they have 100% support of the goverment in this case. I guess that there are some "if you don't bye the F-15, we (us goverment) won't do so and so....." factors to the deal...  Insane
 
heavymetal
Posts: 4443
Joined: Fri May 08, 2015 3:37 am

RE: Boeing Cuts Price Tag For S. Korea

Thu May 16, 2002 2:17 am

It's way simpler than that guys....the laws of supply and demand.

Boeing is using every trick up its' sleeve to sell product right now. The 90's were a heady profitable time for Boeing.....so profitable that companies like Boeing got used to posting handsome profits and spread sheets. Their stockholders demanded it.

Now there are a myriad of reasons why Boeing's sales have gone south (the biggest being everyone else's has too!), but all that is so much fodder for the stockholders. They want results.

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