Phil Condit Quotations

Our entire team is focused on managing this company for value - fixing or eliminating those operations that lessen value and expanding or adding those that enhance value.

In simple terms, we are aligning our business today with the way we believe future systems are going to be designed, acquired and maintained.

Two quarters doesn't make a trend, but it's a heck of a lot better than none.

We are moving toward a global economy. One way of approaching that is to pull the covers over your head. Another is to say: It may be more complicated - but that's the world I am going to live in, I might as well be good at it.

Each of us has come to share the same point of view, that a global e-marketplace is absolutely essential if we are to drive new levels of efficiency for the industry.

We are pleased to have reached this agreement with the SPEEA bargaining committee, and hope that all SPEEA members give this agreement their full consideration,

We believe we have the support of most of our 20 largest shareholders.

One of the things Wall Street does not like is ambiguity. Now that the agreement is there, it begins to make the future look a little less cloudy, and that's positively received by Wall Street,

I am delighted that Harry has agreed to stay for an additional year. His contributions to this company are far from over. We need his continued involvement as a change agent and strategist.

I believe that the combination gives our nation, our company, and our people great opportunity for the future because, by working together, we can lead the world in aerospace,

I am slightly more optimistic about Asia today than I was, say, three months ago,

If we were going to go up in rate,

It is a very fair agreement in my judgment. I think it meets the needs of SPEEA, and I believe it protects the long-term needs of the company, ... I believe we will be able to attract and retain the world's best aerospace engineers.

Overall, at this point I'm pretty positive, ... We've got things going in the right way. Now, we've got to go out and do it.

We've made it clear that we are transforming Boeing into a global aerospace solutions provider, and growing our aviation-services businesses is a major part of that transformation.

We are in a dramatically changed business environment, ... The slow recovery of both air travel and airline profitability continues to hurt demand for both aircraft and aircraft support. Demand for commercial satellite launches may be several years away from recovery.

We don't have a problem with loans, but the terms of such loans, ... If they're on commercial terms all is well and good. But the company must accept losses on commercial terms.

We are deeply gratified that the (FTC) has given unconditional approval to the Boeing/McDonnell Douglas merger,

We are looking at internal growth opportunities, ... We're also looking externally at things that fit with our business and that would be complementary to our core business.

Today's announcement brings together two strong aerospace companies with complementary capabilities. The merger enhances our position as the No. 1 aerospace company in the world and truly among the world's premier industrial firms.

Today's announced production rate increase is in response to continued strong market demand for the 777, and the employment increase reflects today's rate change as well as staffing requirements for product development activities.

We concluded there must be significant changes in the composition of the management team at this time.

We think the market is heading towards more point-to-point service. You as the passenger want to get where you want to go, and that's not necessarily through a hub.

This was done on our part primarily because of the excellent strategic fit that the Rockwell aerospace and defense unit provide Boeing.

We are strategically realigning our operations in response to global business realities, ... We are reducing costs.

We have experienced unsatisfactory financial performance with our commercial airplane operations, ... Our expectations are that commercial airplane operations produce significant, double-digit operating margins,

Boeing is advancing on several of the most important programs in its history, and I offered my resignation as a way to put the distractions and controversies of the past year behind us, and to place the focus on our performance.

Boeing intends to be No. 1 in space. This acquisition is a significant step forward in executing our goal of becoming the industry leader in integrated, space-based information and communications.

Boeing continued on its flight plan in the third quarter. We won considerable new business, ... We are realizing significant performance improvement in production and are confident in our ability to deliver about 620 commercial airplanes this year.

Consistent with our overall goal to enhance shareholder value over the long term, we believe that this is an effective way to return value to our shareholders,

These actions are in addition to ongoing initiatives to improve productivity and reduce costs.

The role of the new, leaner corporate center will be to seek new growth opportunities around the globe.

Satellite production is about 5 percent of our space and communication businesses. The big part is systems integration, and that is doing extremely well.

Our entire team is focused on managing this company for value -- fixing or eliminating those operations that lessen value and expanding or adding those that enhance value,

And then you go to the main systems integrator -- us -- and you say, 'go figure out how to do this.'

As a result of the merger with McDonnell Douglas and acquisition of Rockwell's aerospace and defense operations, we are strategically realigning the use of our facilities to provide better value to our customers and shareholders,

This is an historic moment in aviation and aerospace. Together I believe we can forge a balanced and capable company for the future.

This is an historic moment in aviation and aerospace,

This agreement is part of our efforts to resolve outstanding matters from the companies that now comprise Boeing. We want to ensure that the new Boeing promotes inclusion and diversity and that all of our employees are treated fairly and respectfully in the workplace.

Although the government's Joint Strike Fighter announcement is disappointing to all of Boeing, I want to acknowledge the incredible effort by the men and women of the Boeing JSF One Team, ... This was an incredibly tough competition, and we congratulate Lockheed Martin. We're looking forward to the possibility of bringing our capabilities and skills to the Lockheed Martin JSF team.

As we've grown, we have determined that our headquarters needs to be in a location central to all our operating units, customers and the financial community -- but separate from our existing operations,

I'm very excited about the strength Mike brings to the CFO position. He has run our highest-margin business for the past three years, has taken personal involvement in new opportunities to grow this business, and has a keen knowledge and understanding of our company and the aerospace industry.

I'm very excited about the strength Mike brings to the CFO position, ... He has run our highest-margin business for the past three years, has taken personal involvement in new opportunities to grow this business, and has a keen knowledge and understanding of our company and the aerospace industry.

In the context of defense consolidation, ? we think this is a good combination,

His familiarity with Australian business and government protocols, as well as the American business environment, will enhance our relationships and presence in Australia.

Changes to the aircraft resulting from flight test and certification requirements in the first quarter caused the retrofit activity to be more extensive than originally anticipated.

But we also think a lot of people want to fly direct, right where they want to go, and those direct flights will be served by airplanes like the 777, very long-range airplanes,

The end result, ... is that we are ensuring a stronger, more competitive company that will be able to provide more opportunities for employees over the long term.

Andrew Peacock brings years of accomplishment to Boeing,

The company's outlook reflects the strength of the commercial airplane market and our continuing overall improved performance. Commercial airplane demand appears stable and we anticipate 2002 deliveries to look similar to 2001.