Boeing is facing a huge crisis. Pen & Fun & Pavilion www.biquge.info

While negotiations over McDonnell Douglas and Grumman are still ongoing, what happened in the midst is no secret to many.

As Hu Jiefang, his every move in the United States has fallen in the eyes of people with intentions.

The purpose of the Chinese's involvement in Grumman's acquisition of McDonnell Douglas is simply clear. Hu Wenhai's layout in China's domestic aviation field is also not a secret, and a little collection can determine his strategic goals.

ST's investment in the aviation manufacturing industry is completely cost-free, and a MA60 alone is willing to throw in 5 billion yuan, and the intention of cultivating the market, digesting technology and exploring the model is too obvious.

dragged Grumman to kill in the oil futures market, and now from the perspective of hindsight, it is clear that he is going to buy McDonnell Douglas. With so many signs, Hu Jiefang's appearance in the Chinese purchasing group is naturally the focus of the aviation industry.

How powerful is this $15 billion air order? To put it bluntly, McDonnell Doesnnell Douglas can become a formidable rival to McDonnell Douglas after digesting this order.

The increase in the total volume will dilute the R&D expenses, and the price of McDonnell Douglas aircraft will be further reduced. In this way, the price-performance ratio of McDonnell Douglas aircraft will pose a fatal threat to Boeing. The Chinese market is not only the straw that broke the camel's back, but also the last kick in the extra time on the field.

As a result, the civil aircraft market will produce an eight-magnitude earthquake, completely changing the current two-strong pattern. What is particularly fatal is that the rise of McDonnell Douglas poses a greater threat to Boeing than Airbus, because McDonnell Douglas is an American company like Boeing, and the North American market has equal opportunities for them.

Once McDonnell Douglas re-emerges, Boeing's market share will certainly be much greater than the impact on Airbus.

Boeing can't help but take precautions.

"What do you mean by Chinese?"

Frank Anderson Schronze, president of Boeing, has served as chairman and CEO since 1985, served as Nixon's assistant secretary of state, and was in charge of the general manager of the Boeing 70, 727 and 737 commercial airliner programs.

In the manufacturing sector of the entire planet, he belongs to the absolute power figure.

But it is such a big man, but now he is angry regardless of his image, and he will be reprimanded by his subordinates.

"You didn't win the passenger aircraft project of the Chinese purchasing group, and you didn't even find out the scale of the procurement before? Boeing should have a huge advantage in this project, after all, the only people in the United States who can provide large passenger aircraft are us and McDonnell Douglas. As for McDonnell Douglas's performance over the years, I don't need to remind you, right?

"The problem now is, $16.7 billion in procurement!"

Schronze was holding his psoas muscles in one hand and pointing to the papers on the table with the other, his face cloudy.

"Guys, it's not a question of a single business, it's a question of who will survive Boeing or Airbus. ”

"McDonnell Douglas will have a serious threat to Boeing's competitiveness in the North American market if it receives this infusion. And if we can't maintain our position in the North American market, we will be unstable in the competition with Airbus, and then we will be weak in the future. Soon Airbus and McDonnell Douglas will take control of the Eurasian market. China is the key to this game of chess, and Boeing must not let it fall into the hands of McDonnell Douglas. ”

"Tell me, is there anything you can do to stop McDonnell Douglas from getting this contract?"

Schronze's voice fell, and no one spoke for a long time, which was a spectacle in the Boeing high-level meeting.

The proud Boeing executives in the past, how could they not even come up with a response plan?

"Phil, what about your opinion?"

There was no way, Schronze could only order the generals in person. The first person he called was the vice president of Boeing Commercial Aircraft, Philcondette. This is a senior technical man who once served as Boeing's chief engineer and technical director, and now also serves as the general manager of the 777 program's business unit.

"Now it's clear ......"

Philcondit pondered for a moment, frowning: "The problem is not that there is no direction, our direction is clear. There is only one thing that needs to be done to prevent McDonnell Douglas from getting the Chinese order, and that is to prevent McDonnell Douglas from merging with Grumman. ”

"The problem, however, is that there's very little we can do about it. He hesitated for a moment, pursed his lips, and carefully observed the expressions of the others before he continued: "In my opinion, the only way is to buy McDonnell Douglas before Grumman. ”

This is a plan that Philcondit has been pushing forward with for a long time, but for Boeing, the acquisition of McDonnell Douglas is now too difficult and costly. It was only after 1994, after Philcondit became Boeing's president, that Boeing really set out to move forward with this idea. And it was in the hands of Filcondit that Boeing really embarked on the road of its own world.

At this time, however, the number of people within Boeing who supported his proposed acquisition of McDonnell Douglas was very limited.

Sure enough, when he came up with this proposal, few of the high-level officials in the conference room did not shake their heads and sigh.

There was a moment of muffled discussion in the room, and the conclusions reached were clearly unfavorable to Filcondit's proposal. At this moment, everyone in the conference room suddenly fell silent and looked towards the corner of the conference room.

It turned out to be a young man a little further away from the conference table, and suddenly raised his hand. When Schronze nodded at him, the man stood up a little excitedly and said eagerly: "Since Grumman bought McDonnell Douglas, there is the influence of the Chinese here." Can we block this deal through official means, in the name of threatening national security?"

There was silence in the conference room, and this time there was no sound of discussion. It stands to reason that this plan is very likely, especially since Hu Jiefang himself personally appeared at the negotiation site of Grumman's acquisition of McDonnell Douglas, and this kind of thing cannot be concealed at all.

And if the Chinese do not have any "conspiracy" in it, and take $16.7 billion to support Grumman, are the Chinese all living Lei Feng? As long as a person with a normal IQ analyzes it a little, it can be seen that Grumman must have reached some kind of sharing agreement with the Chinese.

Judging from the background of Grumman's military-industrial complex, the most likely to be sacrificed is McDonnell Douglas's civil airliner business.

It is conceivable that after Grumman's acquisition of McDonnell Douglas, McDonnell Douglas's large passenger aircraft manufacturing technology was leaked to China.

Using this reason to oppose Grumman's acquisition of McDonnell Douglas can be said to be twice the result with half the effort. With a little bit of tactics, it won't be too difficult to get Congress to stand up against the merger. What's more, in addition to McDonnell Douglas, the Pentagon and Northrop and other forces in the United States, they will not be happy to see Grumman's acquisition of McDonnell Douglas successful.

But it was such an obvious plan, and at McDonnell Douglas's high-level meeting, no one except a young man made it explicitly.

Is it that Boeing's top brass are all vegetarians? Can't even think of such a simple strategy?

Of course not.

The truth is that everything in the world is connected. Just as Hu Jiefang solved the problem of passenger aircraft procurement from China Railway Construction, the key to Grumman's acquisition of the Chinese at McDonnell Douglas is not in the aviation field itself.

Think about it, the $5 billion in Hu Jiefang's hands can be leveraged by the US-China Bank to leverage $16.7 billion in funds. In 1991, it was 16.7 billion dollars, which was more than the 100 billion dollars 20 years later.

Then think about it again, what the Chinese purchasing group is holding in its hands is a procurement fund of 50 billion US dollars.

Although Wall Street has just been pitted by President Hu, business is business, and American financial consortia will never hesitate to provide mortgage services for Chinese. With this $50 billion foundation, how much procurement can be leveraged?

American industrial conglomerates and financial consortia have long been crazy about these contracts.

This TM is a carnival feast of capital.

Boeing's full calculation is a market value of more than 30 billion, and the old bottom saved for decades. It's great in industry, but it's not going to cause outrage.

What is public anger? When the Chinese masters are spilling money all over the place, you Boeing jumps out to create "*****," and that's it.

Boeing is doing this because it is the enemy of the entire industrial and financial capital of the United States!

Therefore, even though Boeing knew that this was the case, it did not dare to mention this at all. It can only be found within the framework of Grumman and McDonnell Douglas, with eyes open and nonsense.

It's like carving a boat for a sword and a wood for a fish, which is too difficult.

Everyone in the Boeing conference room was silent for a long time, you look at me, I look at you.

Schronz had to cough, knocked on the table, and snorted for three seconds with a toothache.

"Phil, you bring the globe, or we will study the acquisition plan again......"

"To undermine Grumman's takeover, we need to acquire at least 30% of McDonnell Douglas and unite with McDonnell Douglas shareholders on the board of directors who favor us in order to prevent McDonnell Douglas from merging with Grumman on the board. ”

McDonnell Douglas was merged into Grumman, and the interests of some investors would inevitably be damaged. The sacrifice of large shareholders to the interests of minority shareholders is a constant law in the capital market that has not changed for thousands of years.

Once McDonnell Douglas merges with Grumman and gets China's Century Order, the stock price will rise to the sky. With such prospects, major shareholders will certainly not give up their shares easily.

However, Grumman's acquisition of McDonnell Douglas will definitely take a considerable part of McDonnell Douglas into his own hands. The source of this part of the shares can only be those relatively weak shareholders. In short, coercion and inducement or lies and deception, and all kinds of means are used to get out of their shares.

Companies like McDonnell Douglas have a large number of similar minority shareholders who are potential partners for Boeing.

Of course, Philcondit didn't need to find a globe to come out of this part of the data, the relevant information was already in his head.

"The current situation is very unfavorable for us, and we have to adopt a premium acquisition strategy. This part of the shares requires at least 12 billion funds. Even if Boeing temporarily adopts a global contraction strategy, withdrawing profits from its subsidiaries and branches, and adopting equity swaps, our liquidity gap is still large. ”

"How much do you need to prepare?" Schronze asked.

Philcondit pondered for a moment, then hesitantly reported a number.

"Another half billion dollars are needed. ”

Five billion, even for Boeing, this is by no means a small number. Trying to raise this amount of money in a short period of time will be a great test of Schronze's ability.

But as the president of Boeing, Schlongz's own ability is certainly outstanding. When it comes time to take risks, the president doesn't hesitate.

Soon, he made up his mind.

"What is going on with the 50 billion Chinese, I think everyone knows very well in their hearts. This is the protection fee, the respect they must have for the world hegemon, they have no second way to go. ”

Well, Schronze cleverly didn't mention where the money came from. Originally, it was the meat cut from the dog raised by the American imperialists, and if you turn around and share a piece with your master, the dog will be killed for nothing.

At a glance, you know that Schrenz, you with thick eyebrows and big eyes are not the material for being a dog fan!

But who cares where the money comes from? Capital knows no borders, and the profits that fall into the pocket are the most important things. From this point of view, Sch Loan's words are not wrong, and they are very much in line with the consistent style of US imperialism.

The matter of shearing the wool of one's own people will happen many times in the United States in the future. Industrial transfer, financial shearing of industrial wool. The subprime mortgage crisis, the financial shearing of the middle class. The business of refugees and white leftists is simply to shear the wool of ordinary Americans.

Why should I feel guilty about the wool I sheared by myself?

Schronze's gaze swept over the faces of everyone in the room, and he was silent for a moment before he continued.

"Civil airliners are a cost-effective option in the Chinese purchase list. 5 billion down payment, 16.7 billion total price, I think all the directors should be very clear about what it means. This money is bound to be taken out by the Chinese, either to McDonnell Douglas or to Boeing. Preventing McDonnell Douglas from being merged into Grumman, Boeing was the only option for the Chinese. ”

"I implore the directors and the investors behind them to help Boeing one more time at this critical time. $12 billion in exchange for a 30 percent stake in McDonnell Douglas may not be a good deal. But this can allow Boeing to get this order from the Chinese, then all the lost benefits can be recovered, and more benefits will come in. Exactly how it is calculated, I don't think I need to go into more detail. ”

"But if McDonnell Douglas merges into Grumman, we can get this $16.7 billion order. For the next decade, Boeing will have to face fierce competition from McDonnell Douglas in North America. I don't think I need to go into more detail about what kind of threats will be to the interests of the directors and investors at that time. ”

"How to make this choice, I believe in your wisdom. ”