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The Washington State legislature is closing in on a special incentive package in order to entice the Boeing Company to place final assembly of its new 777X aircraft in Everett, Washington, its Puget Sound factory located about 25 miles north of Seattle. The fuel efficient, next-generation aircraft will compete with the long haul offerings of EADS subsidiary Airbus, and will be delivered to its first customers in 2020. But the plane won't be designed entirely in Everett. Recently, Boeing announced that it would spread a significant portion of the 777X's design among five different American engineering sites, with some contribution from its Russian design center in Moscow.
What's the rationale for splitting up the design of the 777X to centers as far away as the East Coast and Russia? In the accompanying video, Fool contributor Asit Sharma offers three major reasons that are likely driving this decision by Boeing, one that was not taken lightly, as the 777X will be one of the most important profit drivers for the aerospace giant over the next two to three decades.
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Why Is Boeing Spreading Design of the 777X Beyond Seattle? airbus a220 | |
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| News & Politics | Upload TimePublished on 11 Nov 2013 |
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