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Douglas Stuart Harned

Research Analyst at Sanford C. Bernstein & Co., LLC

Douglas Stuart Harned is Managing Director and Senior Analyst at Sanford C. Bernstein & Co., LLC, specializing in global aerospace and defense equity research with a primary focus on major companies like Boeing, Lockheed Martin, and Spirit AeroSystems. He has established a strong track record with a success rate of approximately 55% and an average return per transaction of 8.3%, including a notable 110% gain on a Boeing rating. Harned joined Bernstein in 2004 following earlier experience at McKinsey & Company, bringing deep industry expertise to his research and client advisory work. He holds a Ph.D. and is recognized as one of the leading analysts in his sector, with extensive regulatory registration and professional credentials.

Douglas Stuart Harned's questions to BOEING (BA) leadership

Question · Q3 2025

Douglas Stuart Harned asked about the investments in the Charleston facility for the 787 program, specifically what is needed to achieve production rates of 12 to 14 per month, and the CapEx trajectory for these expansions.

Answer

President and CEO Dave Calhoun confirmed that current investments in Charleston are aimed at achieving 787 production rates higher than 10, specifically in the teens, which will involve doubling the manufacturing footprint. He noted that while the expanded facility will aid rate 10, its primary utilization is for rates beyond that, expected around 2028. EVP and CFO Jay Malave added that CapEx is projected to increase next year, related to both the Charleston expansion and growth in St. Louis.

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