RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Balancing out Sectorsstock4life48 wrote: 859 yes it is, and I am not saying Wichita, it could be anywhere
I don't think we need the Irish employees if we build a new plant. We hire fresh new workers in the USA (assuming the plant is in the USA). Lets face it, it would be a brand new plant, robotics, much less manual, etc and their current training to the current plant would be worthless in a modern state of the air plant
The article I read today here said there are "long term" contracts for the supply of parts from Spirit now. what that means I have no idea. 5 years? plenty of time to build a new plant
While I don't know any specifics of the Belfast plant, how old it is, how outdated it is in technology, its worth a review. I believe Gulfstream built a wing plant in Georgia recently to take production in house, but don't know the details
Long story short, I don't want headaches of a massive FCF burning plant if we can avoid it.
Still also annoyed at the dump over the last 2 days, but ended up buying around 22,000 more shares. I hope it pays off
No comment on your 22K purchase. GL there.
The idea of repatriating Belfast is interesting. If we get it for the right price, where Spirit/Boeing takes some of the pension liabilities, and gives us $250M kickback along the Airbus lines? Then, we could put the plant in the St. Laurent complex. We have plenty of land there, and the Assembly Facility there for the Challengers could use a facelift too. We could even try to go in partnership with Safran/Montreal, and even get some Irish employees to come over to Canada. This of course is all speculation that Ireland will allow the closing down of Ireland's single largest employer. This too could reduce the size of employees (mechanization), plus reduce the scope of the parts production if Safran isn't into the partnership.
We could only just produce our parts. The other pssibility is to build something smaller in Ireland on the existing Shorts property.