Boeing-Airbus aircraft offset agreements (Africa, South America, Japan)
Appears in 1 lecture.
Appearances across the corpus
Boeing faces this all the time. Airbus faces this all the time. Some country in Africa or South America wants to buy a commercial aircraft and they'll say, we will buy $3 billion worth of airplanes, but we want five percent of the work done within our country. There's only so much Boeing can give out. Certain things like the wings are pretty critical, and Boeing wants to keep those right here in the United States for various reasons. It's not so bad when Japan buys $10 billion worth of aircraft, because there are plenty of high-tech companies in Japan that can build fuselage parts. But in some other countries it becomes a problem.