{"database": "press", "table": "releases", "rows": [["http://dennyheck.house.gov/media-center/in-the-news/no-surprise-boeing-will-reduce-777-production-in-everett", "No surprise Boeing will reduce 777 production in Everett", "2016-12-12", "2016", "2016-12", "Democrat", "House", "WA", "Denny Heck", "H001064", "dennyheck.house.gov", null, null, "legacy", "Boeing is expected to lower production, and likely staffing levels, as demand for its 777 jets are lower than predicted.\n\u201cIt\u2019s no surprise whatsoever,\u201d said Scott Hamilton with Leeham Company, an aviation consulting firm based in Issaquah.\n\u201cThis has been long predicted by Wall Street analysts and myself,\u201d he said. \u201cIt means the delivery rate will be as few as 3.5 a month \u2026 It means a lot lower cash flow. It obviously means there is a lack of demand for the airplanes.\u201d\nBoeing isn\u2019t the only aerospace company in Trump\u2019s crosshairs\nThe Seattle Times reports that Boeing doesn\u2019t have enough 777 widebody airplane orders to justify its plan to deliver seven jets a month. The aerospace company will drop its production rate to five planes a month starting next August. The production rate will be further dropped to 3.5 planes per month in the year after that.\nThat translates to lower production at the company\u2019s Everett location, reducing the 100 planes slated to be produced in 2018 down to 42. A considerable financial blow given that Boeing generally sells the jets for around $160 million each.\nIt is uncertain how many jobs will be threatened in Everett, and beyond.\n\u201cIt\u2019s tough to say,\u201d Hamilton said. \u201cBoeing holds very close to the chest how many direct jobs are on the assembly line. But clearly they are going to have to be some layoffs on the assembly line.\u201d\n\u201cYou will have a trickle-down effect of the supply chain,\u201d he said. \u201cEven though you would focus on the number of jobs at Boeing, I think you would see, potentially, some job reductions in the supply chain that feeds the 777 as well.\u201d\nOther issues looming for Boeing\nThis is all separate from another issue Boeing is dealing with involving a $16.6 billion deal with Iran that was recently finalized. But the deal has run afoul of Republicans, and the incoming Donald Trump administration.\n\u201cEven with the Iran deal, assuming that Trump doesn\u2019t eviscerate the deal, that\u2019s not enough to fill the product gap Boeing has,\u201d Hamilton said.\nWashington Congressman Denny Heck has previously spoken about the ramifications of blocking Boeing Iran deal on the local economy and jobs in the state.\n\u201cIt will hurt our economy and make us less safe,\u201d Heck previously told KIRO Radio. \u201cAnd I fear that this is a preview of what will come in winter and spring if this trend continues.\u201d\n\u201cThis sale is in absolute complete compliance with the JCPOA, which most people refer to as the \u2018Iran agreement,\u2019\u201d he said. \u201cIt will cost us jobs and render us less safe.\u201d\nRepublicans in Congress previously passed a bill that would essentially halt the sale between Boeing and Iran. The bill places restrictions on such a sale using banks in the United States.\n\u201cThe bill is a straight-forward, black and white violation of the Iran agreement,\u201d Heck said. \u201cIt would probably cause it to implode. It would make us unsafe because it would start Iran back on a track to make nuclear weapons, and in the meantime, it would cost American jobs \u2014 $17 billion in airplane sales works out to over 100,000 jobs throughout the Boeing company and its supply chain.\u201d", 1, "2026-03-30T12:14:52Z", "2026-03-30T12:14:52Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["http://dennyheck.house.gov/media-center/in-the-news/no-surprise-boeing-will-reduce-777-production-in-everett"], "units": {}, "query_ms": 0.7193251512944698, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}