1
00:00:00,120 --> 00:00:05,040
Speaker 1: With roughly one thousand employees across sixty six countries. Bowing

2
00:00:05,040 --> 00:00:08,520
Speaker 1: airplanes and aerospace products represent one of the most visible

3
00:00:08,560 --> 00:00:12,400
Speaker 1: and important US exports to the globe, and as CEO

4
00:00:12,480 --> 00:00:16,160
Speaker 1: of the roughly ninety three billion dollar company, Dennis Muhlenberg

5
00:00:16,280 --> 00:00:19,239
Speaker 1: is in charge of securing the Planemaker's future in both

6
00:00:19,239 --> 00:00:23,360
Speaker 1: the commercial and military sectors, overseeing the rollout of A seven,

7
00:00:23,480 --> 00:00:26,440
Speaker 1: eight seven and the Max ten, and securing a nearly

8
00:00:26,520 --> 00:00:29,360
Speaker 1: four billion dollar contract to build a new air force

9
00:00:29,480 --> 00:00:34,080
Speaker 1: one for the presidents. Since he became CEO in Before

10
00:00:34,120 --> 00:00:38,519
Speaker 1: becoming chief executive, Muhlenberg held various roles at boeing, from

11
00:00:38,640 --> 00:00:42,040
Speaker 1: president of the company's Defense, Space and Security division to

12
00:00:42,200 --> 00:00:45,000
Speaker 1: director of the weapons system for the proposed Bowing Joint

13
00:00:45,040 --> 00:00:48,800
Speaker 1: Strike fighter aircraft. He recently sat down with Carlisle Group

14
00:00:48,880 --> 00:00:52,840
Speaker 1: co founder David Rubinstein. They spoke on David Rubinstein's Bloomberg

15
00:00:52,840 --> 00:00:56,960
Speaker 1: television program Peer to Peer Conversations. Since you've been the CEO,

16
00:00:57,360 --> 00:01:02,600
Speaker 1: the market capitalization of the company is up about the

17
00:01:02,720 --> 00:01:07,520
Speaker 1: stock prices up about a hundred and yet you also

18
00:01:08,520 --> 00:01:11,560
Speaker 1: ride a hundred and twenty miles a week in a bicycle.

19
00:01:12,720 --> 00:01:15,000
Speaker 1: Have you thought about how much higher the stock price

20
00:01:15,080 --> 00:01:17,920
Speaker 1: would be or the market cap if you didn't spend

21
00:01:17,959 --> 00:01:20,520
Speaker 1: those time on the hundred and twenty miles a week

22
00:01:20,600 --> 00:01:23,160
Speaker 1: in bike book riding, Well, I have thought about that,

23
00:01:23,240 --> 00:01:26,520
Speaker 1: and actually I ride closer to a hundred forty a week,

24
00:01:27,920 --> 00:01:31,240
Speaker 1: and with that correlation, I'm thinking I should start writing

25
00:01:31,280 --> 00:01:37,400
Speaker 1: two hundred a week. Wow. Okay, all right, Well, um

26
00:01:37,440 --> 00:01:41,440
Speaker 1: so does I mean riding bikes? I've done probably ten

27
00:01:41,480 --> 00:01:47,039
Speaker 1: miles in my lifetime maybe something like that. But um so,

28
00:01:47,360 --> 00:01:49,560
Speaker 1: isn't it dangerous? I mean they have key Man insurance

29
00:01:49,600 --> 00:01:52,840
Speaker 1: on you, your important person. I ride more than ten

30
00:01:52,880 --> 00:01:56,080
Speaker 1: thousand miles a year, so I'm safety conscious and uh,

31
00:01:56,320 --> 00:01:58,800
Speaker 1: you know that's a well honed skill. And you know,

32
00:01:58,840 --> 00:02:00,800
Speaker 1: one of the things we take pride in our companies

33
00:02:00,840 --> 00:02:03,120
Speaker 1: are is our safety record. And I try to apply

34
00:02:03,200 --> 00:02:05,360
Speaker 1: the same thing when I'm riding. And it's a great

35
00:02:05,440 --> 00:02:10,280
Speaker 1: way to relax and think and frankly, I think, uh,

36
00:02:10,720 --> 00:02:14,000
Speaker 1: taking time to exercise and ride my bike, Uh, it

37
00:02:14,120 --> 00:02:16,200
Speaker 1: makes me better as a leader, and I try to

38
00:02:16,240 --> 00:02:18,440
Speaker 1: encourage that in our team as well. When did you

39
00:02:18,480 --> 00:02:21,120
Speaker 1: take this up? Uh as a young man or you're

40
00:02:21,120 --> 00:02:26,840
Speaker 1: always interested in this, I've been riding for probably years. Seriously,

41
00:02:27,480 --> 00:02:29,680
Speaker 1: I often travel with my bike and I can drum

42
00:02:29,760 --> 00:02:32,320
Speaker 1: up some Bowing riders at almost any one of our sites,

43
00:02:32,440 --> 00:02:34,800
Speaker 1: and we hand out Bowing jerseys. It's a great way

44
00:02:34,840 --> 00:02:36,760
Speaker 1: to get out with the team. Any of them ever

45
00:02:36,800 --> 00:02:38,840
Speaker 1: go faster than you, or they're not allowed to do that.

46
00:02:40,960 --> 00:02:46,440
Speaker 1: Some try, some try they're still with the company, or yeah, yeah, yeah,

47
00:02:46,440 --> 00:02:49,680
Speaker 1: I like a challenge. M One other thing that I

48
00:02:49,760 --> 00:02:53,080
Speaker 1: found unusual and reading about you is that you seem

49
00:02:53,160 --> 00:02:58,760
Speaker 1: to be fueled by diet mountain dew. You drink enormous amounts.

50
00:02:58,800 --> 00:03:00,920
Speaker 1: It is one of my favorite drinks. So you have

51
00:03:01,000 --> 00:03:03,640
Speaker 1: some here? Um, is there something in it that I

52
00:03:03,680 --> 00:03:06,359
Speaker 1: don't know about? But went to look? I mean, if

53
00:03:06,400 --> 00:03:08,320
Speaker 1: I what I looked like you? If I could drink

54
00:03:08,360 --> 00:03:13,440
Speaker 1: the diet mountain dew, You're sure? All right? Now? Hey,

55
00:03:13,639 --> 00:03:15,840
Speaker 1: it's good. It's it's a good energizer for me. You

56
00:03:15,880 --> 00:03:19,720
Speaker 1: serve those everywhere at Boeing. Assume they have that pretty much.

57
00:03:21,840 --> 00:03:24,440
Speaker 1: So let's talk about the company you're you're leading now.

58
00:03:24,840 --> 00:03:28,959
Speaker 1: The company is an extraordinary success story started by Mr

59
00:03:29,000 --> 00:03:31,359
Speaker 1: Bowing many many years ago. The company is how old now?

60
00:03:31,560 --> 00:03:33,600
Speaker 1: We're a hundred and two years this year, so we

61
00:03:33,680 --> 00:03:38,400
Speaker 1: celebrated our centennial. We did a big celebration event at

62
00:03:38,440 --> 00:03:41,080
Speaker 1: the Red Barn facility, which is where the Bowing company

63
00:03:41,160 --> 00:03:43,880
Speaker 1: started back in nineteen sixteen. Okay, so the company is

64
00:03:43,920 --> 00:03:46,360
Speaker 1: in very very good shape. The government is spending more

65
00:03:46,360 --> 00:03:50,240
Speaker 1: money in aerospace defense and before um people are flying

66
00:03:50,240 --> 00:03:52,440
Speaker 1: more than they are. So can it get a you

67
00:03:52,520 --> 00:03:54,120
Speaker 1: better than this? I tell you what, this is a

68
00:03:54,120 --> 00:03:56,840
Speaker 1: really strong marketplace. When I look at big industrial markets

69
00:03:56,880 --> 00:03:59,720
Speaker 1: around the world, aerospace market I think it is the strongest.

70
00:04:00,000 --> 00:04:01,800
Speaker 1: And one of the big drivers behind that is is

71
00:04:01,880 --> 00:04:05,360
Speaker 1: the population that's now entering the middle class and has

72
00:04:05,400 --> 00:04:08,280
Speaker 1: the ability to fly. And we have a hundred million

73
00:04:08,320 --> 00:04:13,040
Speaker 1: new passengers every year in Asia new passengers, and uh

74
00:04:13,160 --> 00:04:15,960
Speaker 1: our estimates are that less than twenty of the world's

75
00:04:16,000 --> 00:04:20,200
Speaker 1: population has even taken a single flight. So tremendous growth

76
00:04:20,200 --> 00:04:22,920
Speaker 1: opportunity ahead. And then, as you said, strengthen the defense

77
00:04:22,960 --> 00:04:26,240
Speaker 1: budget as well. The tax bill was passed and it's

78
00:04:26,240 --> 00:04:28,400
Speaker 1: a big tax cut for a lot of corporations, and

79
00:04:28,440 --> 00:04:30,880
Speaker 1: you were one of the companies that I think benefited

80
00:04:30,920 --> 00:04:32,760
Speaker 1: from it. And maybe we're pushing for this tax cut.

81
00:04:33,040 --> 00:04:34,440
Speaker 1: So what are you gonna do with all the extra

82
00:04:34,440 --> 00:04:36,760
Speaker 1: money that you have. So we plowed a lot of

83
00:04:36,760 --> 00:04:39,480
Speaker 1: those savings back into innovation in R and D, and

84
00:04:39,760 --> 00:04:42,080
Speaker 1: we spend billions of dollars every year on R and

85
00:04:42,160 --> 00:04:44,880
Speaker 1: D investment here in the US. And another big thing

86
00:04:44,920 --> 00:04:47,320
Speaker 1: we did is immediately upon passage of the bill, we

87
00:04:47,320 --> 00:04:50,400
Speaker 1: announced an investment of three hundred million dollars in our

88
00:04:50,440 --> 00:04:53,680
Speaker 1: workforce and workplace. So that includes a hundred million in

89
00:04:54,000 --> 00:04:57,440
Speaker 1: training for employees, a hundred million in infrastructure for the

90
00:04:57,440 --> 00:05:01,719
Speaker 1: future workspaces, and then a hundred million in community giving,

91
00:05:02,120 --> 00:05:04,160
Speaker 1: which is perhaps the most important part of that. And

92
00:05:04,360 --> 00:05:08,760
Speaker 1: UH that hundred million in community giving. Fact, today we're

93
00:05:08,800 --> 00:05:12,080
Speaker 1: going to be announcing the fact that we're identifying fifty

94
00:05:12,120 --> 00:05:15,599
Speaker 1: four million of specific grants and we're adding another five

95
00:05:15,680 --> 00:05:19,239
Speaker 1: million dollars to our investment in the Kennedy Center announced

96
00:05:21,200 --> 00:05:26,920
Speaker 1: I UH if you if you ever need tickets to Hamilton's,

97
00:05:26,920 --> 00:05:32,039
Speaker 1: call me deal. So let's talk about how UH, a

98
00:05:32,160 --> 00:05:36,000
Speaker 1: farm boy from Iowa became the head of Boeing. So

99
00:05:36,120 --> 00:05:39,160
Speaker 1: you grew up in Iowa. I did up in northwest Iowa,

100
00:05:39,279 --> 00:05:42,560
Speaker 1: just outside of a little town called Shoe Center, and

101
00:05:42,720 --> 00:05:44,960
Speaker 1: UH grew up on a farm, working on my dad's farm.

102
00:05:45,080 --> 00:05:47,360
Speaker 1: What kind of farm wasn't Well, we had a large

103
00:05:47,600 --> 00:05:52,120
Speaker 1: crop farm. Mostly we raised corn, soybeans, alfalfa, and we

104
00:05:52,160 --> 00:05:55,920
Speaker 1: had a lot of live stock, cattle, pigs, chickens, and

105
00:05:56,080 --> 00:05:58,640
Speaker 1: you were milking cows and everything. Every morning. I had

106
00:05:58,640 --> 00:06:01,440
Speaker 1: to milk cows. We uh we uh milked our own

107
00:06:01,480 --> 00:06:05,800
Speaker 1: cows for for our family's consumption. So that was part

108
00:06:05,800 --> 00:06:08,880
Speaker 1: of my daily chores in the morning. And you ever

109
00:06:09,000 --> 00:06:11,480
Speaker 1: said to them drink some mountain dew and they the

110
00:06:11,560 --> 00:06:15,200
Speaker 1: cows will produce, cows would be more productive or that.

111
00:06:15,200 --> 00:06:16,920
Speaker 1: That wasn't part of the diet plan when I was

112
00:06:16,960 --> 00:06:19,600
Speaker 1: a kid there, all right, So you went to Iowa State,

113
00:06:19,720 --> 00:06:23,360
Speaker 1: I did, And Iowa State you meant, uh you majored

114
00:06:23,440 --> 00:06:27,120
Speaker 1: in aeronautica space engineering. Okay, so were there a lot

115
00:06:27,200 --> 00:06:30,000
Speaker 1: of people doing that there? Yeah, it's it's it was

116
00:06:30,120 --> 00:06:33,160
Speaker 1: at that time one of the larger aerospace engineering schools

117
00:06:33,160 --> 00:06:35,800
Speaker 1: in the country. Continues to be. It does have some

118
00:06:35,960 --> 00:06:39,240
Speaker 1: bowing connections to T. A. Wilson, who was one of

119
00:06:39,720 --> 00:06:44,000
Speaker 1: one of Boeing's previous CEOs. Uh. He went to Iowa

120
00:06:44,040 --> 00:06:47,599
Speaker 1: State and uh, I actually when I went there, managed

121
00:06:47,640 --> 00:06:51,279
Speaker 1: somehow to get his scholarship and Uh. That led to

122
00:06:51,279 --> 00:06:54,600
Speaker 1: an opportunity for a Bowing internship. So between my junior

123
00:06:55,040 --> 00:06:57,960
Speaker 1: and senior years at Iowa State, I did an internship

124
00:06:58,000 --> 00:07:01,120
Speaker 1: at Bowing in Seattle, and I got hooked. Okay, I've

125
00:07:01,120 --> 00:07:03,160
Speaker 1: been there ever since. Well, you you've got a master's

126
00:07:03,200 --> 00:07:05,080
Speaker 1: degree at the University of Washington. Was that while you

127
00:07:05,080 --> 00:07:09,240
Speaker 1: were working at Boeing. Yeah, that was part of Boeing's education.

128
00:07:09,279 --> 00:07:11,360
Speaker 1: While you're working plan what was it that enabled you

129
00:07:11,400 --> 00:07:13,160
Speaker 1: to rise up among all those employees to be the

130
00:07:13,160 --> 00:07:18,080
Speaker 1: CEO you're implying it's hard to tell. Well, I just

131
00:07:18,120 --> 00:07:20,160
Speaker 1: want to give you a chance to tell everybody that

132
00:07:20,240 --> 00:07:25,080
Speaker 1: I already know well David, and you know frankly, Um,

133
00:07:25,520 --> 00:07:28,080
Speaker 1: I never worried too much about that. So I was

134
00:07:28,200 --> 00:07:31,720
Speaker 1: thrilled to go work at the world's best scerospace company.

135
00:07:31,760 --> 00:07:34,600
Speaker 1: I wanted to be a great designer of airplanes. I

136
00:07:34,600 --> 00:07:36,160
Speaker 1: had the chance to work with a lot of great

137
00:07:36,160 --> 00:07:39,480
Speaker 1: teams along the way, and I always tried to, you know,

138
00:07:39,520 --> 00:07:41,840
Speaker 1: find the hardest things to work on and just concentrate

139
00:07:41,880 --> 00:07:44,160
Speaker 1: on knocking that job out of the park. And that

140
00:07:44,240 --> 00:07:46,520
Speaker 1: may not sound like much of a career strategy, but

141
00:07:47,120 --> 00:07:49,840
Speaker 1: it worn't worked out. Okay, So at a very young age,

142
00:07:50,200 --> 00:07:53,560
Speaker 1: you were put in charge of running a program for

143
00:07:53,760 --> 00:07:56,040
Speaker 1: Boeing where they were trying to get the Joint Strike

144
00:07:56,320 --> 00:07:59,760
Speaker 1: UH fighter contract, which is the biggest contract the Pentagon's

145
00:07:59,800 --> 00:08:03,840
Speaker 1: every even Ultimately it went to another company called Lockheed Martin. Yep,

146
00:08:04,480 --> 00:08:07,000
Speaker 1: So you lost. When you lost, did you think your

147
00:08:07,040 --> 00:08:10,840
Speaker 1: career was over now? And it really wasn't even my

148
00:08:11,440 --> 00:08:13,760
Speaker 1: construct around that program. But in four years we went

149
00:08:13,800 --> 00:08:17,360
Speaker 1: from roughly a clean sheet of paper to flying two

150
00:08:17,720 --> 00:08:21,800
Speaker 1: x thirty two prototypes and uh clearly disappointed that in

151
00:08:21,800 --> 00:08:24,600
Speaker 1: the end we didn't win. But I learned a lot

152
00:08:24,640 --> 00:08:27,160
Speaker 1: as a leader, and you know, sometimes when things don't

153
00:08:27,160 --> 00:08:29,440
Speaker 1: work out, you learn even more. I can tell you

154
00:08:29,480 --> 00:08:32,880
Speaker 1: that the technology benefit from that program, the talent benefit,

155
00:08:32,960 --> 00:08:35,640
Speaker 1: how those people then subsequently spread out to the rest

156
00:08:35,640 --> 00:08:39,200
Speaker 1: of billing. He created a benefit that's lasted for for decades.

157
00:08:39,360 --> 00:08:42,840
Speaker 1: Early in the administration of President Trump said that the

158
00:08:42,920 --> 00:08:47,480
Speaker 1: Air Force one plane was too expensive and he wasn't

159
00:08:47,520 --> 00:08:50,240
Speaker 1: happy with the cost of it. Um, he got your attention.

160
00:08:50,280 --> 00:08:52,440
Speaker 1: I guess we're we're proud of the fact that we

161
00:08:52,800 --> 00:08:55,880
Speaker 1: build and support Air Force one. It's a really important mission.

162
00:08:56,360 --> 00:08:59,000
Speaker 1: The airplanes that are flying today. Are old seven forty

163
00:08:59,040 --> 00:09:02,800
Speaker 1: seven Dash two hundred actually delivered under George H. W.

164
00:09:02,960 --> 00:09:06,560
Speaker 1: Bush's administration. They're that old old at seven forty seven

165
00:09:06,600 --> 00:09:09,400
Speaker 1: is flying and we're proud to keep him flying. And

166
00:09:09,480 --> 00:09:13,080
Speaker 1: so the two new uh seven forty seven Dash eights,

167
00:09:13,080 --> 00:09:16,520
Speaker 1: the latest version of the seven seven where I just procured,

168
00:09:16,559 --> 00:09:19,680
Speaker 1: and those will be modified and become the new air

169
00:09:19,679 --> 00:09:22,199
Speaker 1: Force one over the next few years. So did you

170
00:09:22,240 --> 00:09:24,120
Speaker 1: convinced him to take up mike riding when you were

171
00:09:24,120 --> 00:09:27,520
Speaker 1: in marloggue? He didn't seem like that interested in that.

172
00:09:27,880 --> 00:09:30,160
Speaker 1: He is. He has his own hobby set and we

173
00:09:30,320 --> 00:09:36,439
Speaker 1: uh we uh we respect each other's hobbies. Alright. Airbus

174
00:09:36,480 --> 00:09:38,920
Speaker 1: is your main competitor, is that right? Yeah? And in

175
00:09:38,960 --> 00:09:41,640
Speaker 1: the commercial airplane commercial air airper space. Have you ever

176
00:09:41,800 --> 00:09:45,320
Speaker 1: tested out any airbuses? I've I've flown on him. Uh,

177
00:09:45,440 --> 00:09:47,120
Speaker 1: you know, It's not something I spent a lot of

178
00:09:47,160 --> 00:09:52,199
Speaker 1: time pursuing. Uh, but I would I would suggest if

179
00:09:52,200 --> 00:09:54,240
Speaker 1: you were to, you know, survey the crowd people that

180
00:09:54,280 --> 00:09:57,640
Speaker 1: have flown on both Airbus and Bowing generally the reports

181
00:09:57,640 --> 00:09:59,760
Speaker 1: that are people like flying on a Bowing airplane? All right,

182
00:09:59,760 --> 00:10:04,719
Speaker 1: but that's see how many people here prefer bowing. Okay, okay,

183
00:10:04,920 --> 00:10:08,320
Speaker 1: I guess I guess you're right on that they and

184
00:10:08,400 --> 00:10:11,079
Speaker 1: you have had what some people might call it duopoly,

185
00:10:11,440 --> 00:10:14,920
Speaker 1: which is really two manufacturers. Um, are you not worried

186
00:10:14,920 --> 00:10:17,760
Speaker 1: that the Chinese or the Japanese will ultimately get into

187
00:10:17,800 --> 00:10:21,560
Speaker 1: this business of making commercial airplanes. Well, we know that

188
00:10:21,640 --> 00:10:25,040
Speaker 1: future competitors are coming without question. And uh, you know,

189
00:10:25,120 --> 00:10:27,240
Speaker 1: the great thing is we have a very strong marketplace.

190
00:10:27,440 --> 00:10:30,520
Speaker 1: It's about a seven point six trillion dollar marketplace over

191
00:10:30,520 --> 00:10:34,360
Speaker 1: the next ten years. It's a growing industrial marketplace. It's

192
00:10:34,360 --> 00:10:38,000
Speaker 1: a marketplace that creates manufacturing jobs and technology ripple benefit.

193
00:10:38,559 --> 00:10:42,040
Speaker 1: China is clearly emerging as a very important commercial market

194
00:10:42,360 --> 00:10:45,640
Speaker 1: for us. They are also a future competitor. So the

195
00:10:45,800 --> 00:10:48,720
Speaker 1: the art of this business is to collaborate and compete,

196
00:10:48,920 --> 00:10:52,360
Speaker 1: and competition is going to make us better. The point

197
00:10:52,400 --> 00:10:56,280
Speaker 1: that the world is pursuing the aerospace market, uh, just

198
00:10:56,679 --> 00:10:59,720
Speaker 1: causes us to continue to invest in innovation. We win

199
00:11:00,040 --> 00:11:02,600
Speaker 1: because we continue to invest in innovation. We want a

200
00:11:02,640 --> 00:11:07,000
Speaker 1: big contract to produce air tank These are refueling planes

201
00:11:07,080 --> 00:11:10,400
Speaker 1: that enable our planes to be refueled. But it's behind

202
00:11:10,480 --> 00:11:14,000
Speaker 1: schedule or not. Well, we've had some challenges in the

203
00:11:14,000 --> 00:11:17,040
Speaker 1: development program, so we're behind the original schedule, but we

204
00:11:17,120 --> 00:11:20,760
Speaker 1: are on the cusp now of delivery. So I'm excited

205
00:11:20,760 --> 00:11:22,880
Speaker 1: to see this happen. Explane is how it works. You're

206
00:11:22,960 --> 00:11:24,920
Speaker 1: flying along on an airplane and they have another plane

207
00:11:24,960 --> 00:11:28,360
Speaker 1: come along. It's gonna refuel it. How hard is it

208
00:11:28,400 --> 00:11:31,880
Speaker 1: to get that little thing in there? Or combat operations

209
00:11:31,960 --> 00:11:35,319
Speaker 1: or air force operations. Obviously the skill of the pilot

210
00:11:35,440 --> 00:11:38,160
Speaker 1: the receiver of the fuel is important, and then the

211
00:11:38,200 --> 00:11:41,360
Speaker 1: new advanced systems on the new tanker assist with that.

212
00:11:41,480 --> 00:11:44,040
Speaker 1: So the refueling boom is more than fifty feet long,

213
00:11:44,080 --> 00:11:46,240
Speaker 1: it extends out of the back of the airplane. It

214
00:11:46,320 --> 00:11:48,640
Speaker 1: has wings on it, so you actually fly it, and

215
00:11:48,640 --> 00:11:53,160
Speaker 1: there's an operator inside the tanker that flies the boom

216
00:11:53,200 --> 00:11:57,360
Speaker 1: to the airplane and makes the connection. We've done more

217
00:11:57,400 --> 00:12:01,920
Speaker 1: than connections during the test program already, so that's part

218
00:12:01,960 --> 00:12:07,800
Speaker 1: of certifying the tanker. Do you make the F fifteen Okay,

219
00:12:07,840 --> 00:12:10,760
Speaker 1: have you ever been in that plane? Or I've had

220
00:12:10,800 --> 00:12:13,520
Speaker 1: a couple of flights in the F fifteen Eagle backseat, right,

221
00:12:13,559 --> 00:12:17,680
Speaker 1: so flying with a Boeing pilot, but a chance flying

222
00:12:17,679 --> 00:12:21,559
Speaker 1: the F fifteen Eagle and in our F eighteen super horriant. Uh,

223
00:12:21,800 --> 00:12:24,000
Speaker 1: I flowed in a patchie helicopter a few others to us,

224
00:12:24,000 --> 00:12:26,400
Speaker 1: what are the great parts of this job? Because I

225
00:12:26,440 --> 00:12:29,200
Speaker 1: occasionally get to fly. So when they do a barrel roll,

226
00:12:29,480 --> 00:12:31,480
Speaker 1: what is that like? Does I feel like fun? Or

227
00:12:31,520 --> 00:12:34,760
Speaker 1: is that's little nerve? That's fantastic? Yeah, in a in

228
00:12:34,800 --> 00:12:36,760
Speaker 1: a fighter jet, it's not really a barrel roll. It's

229
00:12:36,760 --> 00:12:41,120
Speaker 1: more of a snap roll, right luster. But uh yeah,

230
00:12:41,160 --> 00:12:42,920
Speaker 1: we uh, we had the chance to go up and

231
00:12:42,920 --> 00:12:45,880
Speaker 1: do a few maneuvers. The pilot that flies the CEO

232
00:12:46,120 --> 00:12:48,480
Speaker 1: has had a special job or they tell the pilot

233
00:12:48,520 --> 00:12:50,760
Speaker 1: be very careful, this is the CEO, and time that

234
00:12:50,800 --> 00:12:54,320
Speaker 1: goes wrong, your job is over. We have great test pilots,

235
00:12:55,320 --> 00:12:58,079
Speaker 1: all right, yeah, and and it's it's it's nice to

236
00:12:58,120 --> 00:12:59,880
Speaker 1: go up on one of these tests because you kind

237
00:12:59,880 --> 00:13:03,280
Speaker 1: of get calibrated. They get you accustomed to the airplane. Now,

238
00:13:03,480 --> 00:13:05,520
Speaker 1: let's take the Boeing plane that most people are probably

239
00:13:05,520 --> 00:13:08,040
Speaker 1: familiar with, the seven thirty seven or seven forty seven

240
00:13:08,120 --> 00:13:11,000
Speaker 1: so forth. On those planes, um, can they ever be

241
00:13:11,120 --> 00:13:14,120
Speaker 1: flown without a pilot? Well, we we were going to

242
00:13:14,280 --> 00:13:16,320
Speaker 1: continue to have a strong need for pilots in fact,

243
00:13:16,320 --> 00:13:20,160
Speaker 1: pilots are in short supply worldwide for commercial airplanes. Uh.

244
00:13:20,200 --> 00:13:24,000
Speaker 1: That said, we're also continuously working on these autonomous vehicle technologies.

245
00:13:24,080 --> 00:13:27,559
Speaker 1: So there's a lot of automation already in today's airplanes

246
00:13:27,720 --> 00:13:31,319
Speaker 1: that can assist the pilot, and that technology continues to

247
00:13:31,360 --> 00:13:34,240
Speaker 1: mature rapidly, so we're building it into our future airplanes.

248
00:13:34,400 --> 00:13:36,800
Speaker 1: Have you ever thought of having the bathrooms in the

249
00:13:36,840 --> 00:13:40,200
Speaker 1: planes bigger? Because I noticed they're really small. You know,

250
00:13:40,240 --> 00:13:42,000
Speaker 1: if you want to change clothes or something to get

251
00:13:42,080 --> 00:13:43,840
Speaker 1: ready for somebody else, it's really hard. Has that ever

252
00:13:43,840 --> 00:13:47,680
Speaker 1: been a problem anybody's mentioned plane? Again, our our airline

253
00:13:47,720 --> 00:13:52,760
Speaker 1: customers typically select the laboratory geometry, and we we support that.

254
00:13:53,080 --> 00:13:55,000
Speaker 1: I will say, if if you'd like to get a

255
00:13:55,080 --> 00:13:59,000
Speaker 1: b b J, we could tailor the laboratory for you

256
00:13:59,440 --> 00:14:02,719
Speaker 1: so more flexibility. You have people that can you can

257
00:14:02,720 --> 00:14:04,320
Speaker 1: try it out for like six months and see if

258
00:14:04,360 --> 00:14:06,880
Speaker 1: you like the DBJ befall you. You don't have that

259
00:14:06,920 --> 00:14:11,200
Speaker 1: program for first select customer. So let's talk about the

260
00:14:11,240 --> 00:14:14,040
Speaker 1: space program. NASA isn't doing everything it used to do.

261
00:14:14,520 --> 00:14:18,040
Speaker 1: Um is the commercial sector? Are you now actually designing

262
00:14:18,080 --> 00:14:20,600
Speaker 1: the missile, the rockets and what is the plan that

263
00:14:20,640 --> 00:14:22,960
Speaker 1: you have is to take out a rocket to the

264
00:14:23,040 --> 00:14:25,840
Speaker 1: Moon again and to Mars. I think this is the

265
00:14:25,880 --> 00:14:28,720
Speaker 1: most exciting time in h in our country space program

266
00:14:28,800 --> 00:14:31,920
Speaker 1: in decades, and we're literally working on things now that

267
00:14:31,960 --> 00:14:34,360
Speaker 1: are bigger than the Apollo program. I'm not sure it's

268
00:14:34,360 --> 00:14:36,640
Speaker 1: as well known across the country, but we are in

269
00:14:36,680 --> 00:14:40,800
Speaker 1: the midst of a space transformation in this country, and

270
00:14:41,040 --> 00:14:45,440
Speaker 1: the commercial UH entrants here are adding energy. We're building

271
00:14:45,480 --> 00:14:48,240
Speaker 1: a new CST one D star Liner, which will be

272
00:14:48,280 --> 00:14:51,000
Speaker 1: the first American made capsule to get us back to

273
00:14:51,080 --> 00:14:53,600
Speaker 1: the space station. And we're building the new rocket to

274
00:14:53,680 --> 00:14:56,960
Speaker 1: Mars with NASA and this new space Lodge system. It's

275
00:14:56,960 --> 00:15:00,560
Speaker 1: a rocket that's about thirty eight stories tall, about nine

276
00:15:00,560 --> 00:15:03,400
Speaker 1: point two million pounds of thrust. You want to put

277
00:15:03,400 --> 00:15:06,280
Speaker 1: that in car urbs. It's a about two hundred seven

278
00:15:06,640 --> 00:15:10,640
Speaker 1: thousand Corvette engines, and UH we're gonna do first test

279
00:15:10,720 --> 00:15:13,160
Speaker 1: launch here over the next couple of years. We're gonna

280
00:15:13,200 --> 00:15:16,400
Speaker 1: do a slingshot mission to the Moon, returned to the Moon,

281
00:15:16,840 --> 00:15:18,800
Speaker 1: set up a lunar gateway, and then we're gonna go

282
00:15:18,800 --> 00:15:21,400
Speaker 1: to Mars, and the first person to step foot on

283
00:15:21,440 --> 00:15:23,760
Speaker 1: Mars is going to get there on a bowing rocket.

284
00:15:23,960 --> 00:15:29,760
Speaker 1: Really well, they come back on a bowing rocket, all right. Um,

285
00:15:29,800 --> 00:15:33,960
Speaker 1: and and in uh, in Boeing's version of the space business,

286
00:15:34,400 --> 00:15:37,640
Speaker 1: it's always a two way trip, okay, but it takes

287
00:15:37,680 --> 00:15:39,680
Speaker 1: six months to get the Mars more or less right,

288
00:15:39,800 --> 00:15:42,560
Speaker 1: six months on that order. Okay, Remember there was a

289
00:15:42,600 --> 00:15:46,239
Speaker 1: plane called the Concorde. Why do we not have a

290
00:15:46,240 --> 00:15:50,080
Speaker 1: supersonic transport any Long's it's the economic hurdle that goes

291
00:15:50,120 --> 00:15:53,760
Speaker 1: with it. That airplane was never economically viable on its own,

292
00:15:53,960 --> 00:15:57,120
Speaker 1: and UH, to fly supersonic you burn two to three

293
00:15:57,120 --> 00:16:00,200
Speaker 1: times as much fuel. I do envision a day where

294
00:16:00,240 --> 00:16:02,240
Speaker 1: not only will we see commercial airplanes that look like

295
00:16:02,280 --> 00:16:05,880
Speaker 1: today's airplanes, but we'll see high speed airplanes that connect

296
00:16:05,880 --> 00:16:08,000
Speaker 1: any two cities in the world in about two hours.

297
00:16:08,600 --> 00:16:12,040
Speaker 1: And then we'll see that span up to UH space tourism,

298
00:16:12,160 --> 00:16:16,920
Speaker 1: and eventually we'll see an economically viable space ecosystem in

299
00:16:16,960 --> 00:16:20,560
Speaker 1: lower thorbit and UH you'll see an intersection between commercial

300
00:16:20,600 --> 00:16:24,880
Speaker 1: air travel, high speed travel, and space travel. And that's

301
00:16:24,920 --> 00:16:26,880
Speaker 1: all going to evolve over the next couple of decades.

302
00:16:27,080 --> 00:16:29,440
Speaker 1: You had a very nice name called Dreamliner. I mean,

303
00:16:29,480 --> 00:16:32,480
Speaker 1: if somebody thought that up it was. It sounds great. Um,

304
00:16:32,520 --> 00:16:34,320
Speaker 1: but how come you to name your other planes? Like

305
00:16:34,360 --> 00:16:36,440
Speaker 1: the seven forty seven doesn't have a nice name like

306
00:16:36,480 --> 00:16:38,680
Speaker 1: that or seven thirty seven. How come you don't have

307
00:16:38,720 --> 00:16:41,160
Speaker 1: a name for all of them? Well, maybe that's something

308
00:16:41,200 --> 00:16:43,840
Speaker 1: we'll look at. Well, can I get a fee for

309
00:16:43,920 --> 00:16:47,680
Speaker 1: coming up with that idea or something? Yeah, we could

310
00:16:47,760 --> 00:16:50,600
Speaker 1: consider that, all right, could be you know again, if

311
00:16:50,600 --> 00:16:52,640
Speaker 1: you want to get into the b BJ market, that

312
00:16:52,760 --> 00:16:55,480
Speaker 1: could be some consideration. Well, I'm thinking about it. I

313
00:16:55,520 --> 00:16:59,240
Speaker 1: just need a six month trial. When you're talking to

314
00:16:59,320 --> 00:17:02,200
Speaker 1: members of Congress for people in the administration, um are

315
00:17:02,360 --> 00:17:04,760
Speaker 1: what is the biggest concern that you have educating them

316
00:17:04,800 --> 00:17:07,840
Speaker 1: about what you actually do? Right now, trade policy is

317
00:17:08,200 --> 00:17:10,919
Speaker 1: really important item for US, and as we think about

318
00:17:11,600 --> 00:17:14,440
Speaker 1: effective trade agreements around the world, and certainly we want

319
00:17:14,440 --> 00:17:17,000
Speaker 1: to level playing field around the world. We want to

320
00:17:17,000 --> 00:17:20,800
Speaker 1: be able to compete and win. We have about of

321
00:17:20,800 --> 00:17:24,840
Speaker 1: our manufacturing here in the US, but we sell about

322
00:17:24,880 --> 00:17:28,520
Speaker 1: seventy of our products outside the US. So think about

323
00:17:28,520 --> 00:17:32,720
Speaker 1: trade surplus. The aerospace sector creates the biggest trade surplus

324
00:17:32,760 --> 00:17:35,480
Speaker 1: of any sector in the country, and so we need

325
00:17:35,520 --> 00:17:39,000
Speaker 1: trade agreements that allow us to compete globally to sell globally,

326
00:17:39,440 --> 00:17:42,040
Speaker 1: and that's part of what creates us manufacturing jobs. So

327
00:17:42,280 --> 00:17:45,040
Speaker 1: that's an area of discussion, active discussion right now. What

328
00:17:45,080 --> 00:17:47,639
Speaker 1: about the tariffs. We don't see the current tariffs as

329
00:17:47,680 --> 00:17:50,840
Speaker 1: having a material effect on our business, but it is

330
00:17:50,880 --> 00:17:53,760
Speaker 1: something we're watching because it's the broader question of of

331
00:17:53,840 --> 00:17:57,600
Speaker 1: trade relationships and effective trade agreements around the world. So

332
00:17:57,680 --> 00:18:00,359
Speaker 1: we've seen a lot of leaders up front, business leaders,

333
00:18:00,359 --> 00:18:03,960
Speaker 1: government leaders. What do you think makes a great leader? Well,

334
00:18:04,119 --> 00:18:06,760
Speaker 1: you know, I get to ask that question. I thought

335
00:18:06,760 --> 00:18:09,960
Speaker 1: that was original. I thought nobody else that's a good question. Well,

336
00:18:10,000 --> 00:18:12,520
Speaker 1: you know, when I when I look at all the

337
00:18:12,520 --> 00:18:15,080
Speaker 1: dimensions of being a leader, frankly, it goes back to

338
00:18:15,119 --> 00:18:18,040
Speaker 1: a lot of what I learned growing up on that

339
00:18:18,080 --> 00:18:20,439
Speaker 1: farm in Iowa. I learned a lot from my parents

340
00:18:20,920 --> 00:18:25,520
Speaker 1: and the value of hard work, integrity, how you treat

341
00:18:25,560 --> 00:18:28,880
Speaker 1: other people, how we respect others, are willingness to bring

342
00:18:29,240 --> 00:18:34,040
Speaker 1: diverse ideas to the table. Those all sounds simple, and

343
00:18:34,280 --> 00:18:35,960
Speaker 1: you know, things I learned from my dad, who was

344
00:18:36,040 --> 00:18:39,960
Speaker 1: never a businessman, but they apply in the business world.

345
00:18:40,040 --> 00:18:43,640
Speaker 1: And I think sticking to those fundamentals and always reminding

346
00:18:43,680 --> 00:18:47,800
Speaker 1: yourself the importance of integrity, your reputation, how you treat others,

347
00:18:48,400 --> 00:18:51,240
Speaker 1: and then having an element of being able to inspire,

348
00:18:51,800 --> 00:18:54,160
Speaker 1: you know, those that work around you. And uh, we

349
00:18:54,160 --> 00:18:56,600
Speaker 1: we try to codify those at Boeing and what we

350
00:18:56,680 --> 00:19:00,720
Speaker 1: call our enduring values and our Bowing behaviors, but they

351
00:19:00,720 --> 00:19:02,919
Speaker 1: get back to those fundamentals of who you are as

352
00:19:02,960 --> 00:19:05,239
Speaker 1: a person and how you treat others. How did your

353
00:19:05,280 --> 00:19:08,520
Speaker 1: parents lived to see your success? They did. My my

354
00:19:08,600 --> 00:19:10,320
Speaker 1: father passed away a couple of years ago, but he

355
00:19:10,720 --> 00:19:15,199
Speaker 1: lived a long, robust life, and my mom is still around.

356
00:19:15,480 --> 00:19:17,919
Speaker 1: And I'm never quite sure they knew exactly what I

357
00:19:17,920 --> 00:19:21,280
Speaker 1: did when I started at bowing. Uh. Of course, coming

358
00:19:21,280 --> 00:19:23,879
Speaker 1: from the farm, I started bowing my as an engineer,

359
00:19:24,240 --> 00:19:26,200
Speaker 1: and my dad would often ask me, say, so, Dennis,

360
00:19:26,320 --> 00:19:28,760
Speaker 1: how did it go today? What did you do? And uh?

361
00:19:28,800 --> 00:19:30,679
Speaker 1: I described it, and you know he would kind of

362
00:19:30,680 --> 00:19:33,520
Speaker 1: get it, and uh, you know, his designing airplanes, it

363
00:19:33,560 --> 00:19:36,440
Speaker 1: was real stuff. And then as I got to more

364
00:19:36,480 --> 00:19:39,800
Speaker 1: elevated positions, got two executive positions, he asked me the

365
00:19:39,840 --> 00:19:42,399
Speaker 1: same questions and Dennis, what did you do today? And

366
00:19:42,440 --> 00:19:44,679
Speaker 1: I describe it, and you know, I was excited about it.

367
00:19:45,160 --> 00:19:47,840
Speaker 1: He would pause and say well, Dennis, what did you

368
00:19:47,920 --> 00:19:53,440
Speaker 1: actually do today. It's a good reminder, right, does your

369
00:19:53,480 --> 00:19:55,440
Speaker 1: mother ever called you to say well, She's