Alerts Sign-up
On March 19, Brian West, Chief Financial Officer (CFO) and Executive Vice President of Boeing, addressed concerns about tariffs during the Bank of America Global Industrials Conference. West said that Boeing is not immediately worried about the impact of tariffs, partly due to its pre- accumulated inventory before President Donald Trump's trade policies took effect.
West emphasized that the Trump administration recognizes the significance of the U.S. aviation industry to the national economy. "It is also important to understand that 80% of our commercial spending and over 90% of our defense spending in our supply chain is US-based," he said.
Boeing sources nearly all its aluminum and steel domestically, with these materials comprising only around 1% or 2% of an aircraft's cost. Given current inventory levels and hedging strategies, West noted that cost exposure to tariffs remains minimal.
