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Boeing CFO Brian West: Company has sufficient inventory to
weather tariffs but suppliers could be hurt
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Boeing ( BA ) expects $150 million charge in Q1
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Demand for Boeing ( BA ) jetliners remains strong despite tariff
concerns
(Adds details on tariffs, demand and deliveries)
By Dan Catchpole
March 19 (Reuters) - Boeing CFO Brian West said
on Wednesday the company is concerned about how President Donald
Trump's tariffs will affect the availability of parts from its
suppliers, although he said the U.S. planemaker has a large
enough inventory for now.
West, who was speaking at a Bank of America industrials
conference, also said the company was expecting to take a
one-time hit of $150 million to its profit in the first quarter.
Tariffs likely will not dampen demand for the company's
jetliners, he said. Boeing ( BA ) has an order backlog of over 5,000,
most of which are for its 737 MAX jet. Deliveries of the
single-aisle jet in March should match February, when it
delivered 32 of the jets, he said.
The company continues to make progress stabilizing 737 and
787 production, both of which have been dogged by quality and
supply chain problems, West told investors.
(Reporting by Dan Catchpole in Seattle and Shivansh Tiwary in
Bengaluru
Editing by Anil D'Silva and Frances Kerry)