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Boeing, meanwhile, continues to “keep a very close eye” on consolidation among its major suppliers and will continue to expand where necessary, he said. Analysts say the effective creation of a two-tier duopoly, with Boeing and Airbus both expanding into smaller jets, could push more suppliers to merge to maintain negotiating power. “In some cases, consolidation can be beneficial where it allows the supply chain to take costs out. If we get to a point where consolidation is reducing our sources to a level where we can’t stand, we’ve had the opportunity to build new sources of supply. We always have that flexibility,” Muilenburg said.

Muilenburg suggested Boeing would continue to push into areas traditionally dominated by suppliers, bringing some areas of production in-house in a process dubbed vertical integration, Some aerospace suppliers have been rattled by Boeing’s recent moves to integrate parts, In the most recent example, it set up a joint venture with France’s Safran SA (SAF.PA) to break into the highly concentrated market for auxiliary power units, “We are very targeted in that area,” Muilenburg said, when asked where he would set the limits for father of the bride cufflinks australia such expansion..

Boeing has 30-40 categories or “verticals” across its platforms and when deciding where to invest, it considers whether there is a good services business attached, he said. Muilenburg said Boeing would offer services to airlines operating not only Boeing jets but Airbus jets, mirroring remarks by its European arch-rival that it was prepared to provide data services on Boeing planes. Both companies are building up services that benefit from a wide pool of data. Boeing earlier unveiled a higher 20-year demand forecast for passenger jets driven by an expanding middle class.

Muilenburg, who said on Sunday he was concerned about recent protectionist trade rhetoric, said there was no reason to soften the forecast, “Those trends that we’ve talked about are proving to be sustainable even when there’s tough trade rhetoric around the world, when there are geopolitical issues that are being addressed father of the bride cufflinks australia and brought to the surface,” Muilenburg said, Boeing became embroiled in a trade spat last year when it claimed Canadian planemaker Bombardier had billions of dollars in illegal government subsidies, only to find itself getting drawn into a row with the UK over Bombardier jobs..

Muilenburg said relations remained sound with Britain, where Boeing had doubled investments. He confirmed Boeing was holding discussions over replacing its six British E-3D Sentry airborne early warning planes with Boeing E-7 Wedgetail jets. “It’s a lesson,” he said, referring to the Bombardier matter and the ripple effect regional geopolitical spats can have on a global business in a world “becoming more and more networked”. But he said Boeing would do “exactly the same” if given the chance to rethink the trade claim, which was overturned by a U.S. tribunal, adding it had acted against unfair practices.

NEW YORK (Reuters) - The U.S, dollar rose on Tuesday against a basket of major currencies following an upbeat economic assessment from the head of the U.S, Federal Reserve, while world stocks climbed as a heavy week of corporate earnings also kicked into gear, Wall Street’s main indexes erased losses from the start of the session to end solidly positive, The U.S, two-year Treasury yield rose to its highest level in nearly a decade, with the yield curve at its flattest in nearly 11 years, In testimony, Fed Chairman Jerome Powell said he sees the United States on track for years father of the bride cufflinks australia more of steady growth..

“He reiterated the view of the economy as being strong, growing at a solid pace with recent inflation data as more or less encouraging,” said Peter Cecchini, chief market strategist at Cantor Fitzgerald in New York. Powell was challenged in a congressional hearing by senators worried the Trump administration’s trade policies were already damaging businesses. Concerns over a global trade dispute have roiled markets over the past few months. But in written testimony to the Senate Banking Committee and in his response to questions about a possible “trade war,” Powell largely discounted the risks.

“He basically completely dismissed any concerns about a trade tariff war,” said Boris Schlossberg, director of FX strategy at BK Asset Management in New York, The Dow Jones Industrial Average rose 55.53 points, or 0.22 percent, to 25,119.89, the S&P 500 gained 11.12 points, or 0.40 percent, to 2,809.55 and the Nasdaq Composite added 49.40 points, or 0.63 percent, to 7,855.12, As a busy week of corporate earnings began, Netflix Inc shares dropped 5.2 percent after the company’s subscriber growth fell short of Wall Street expectations, while father of the bride cufflinks australia Johnson & Johnson shares gained 3.5 percent, boosting the S&P 500 and the Dow industrials, after the healthcare company’s results topped estimates..

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