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SPRING 2024

Distributor's Link Magazine Spring 2024 / Vol 47 No 2

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154<br />

THE DISTRIBUTOR’S LINK<br />

GLOBALFASTENERNEWS.COM SECTION 301 TARIFF REVIEW CONTINUES from page 124<br />

¤ Performing more work on airplanes at their<br />

assigned positions.<br />

¤ Dedicating multiple days for our 737 teams to<br />

focus on and implement quality improvements.<br />

¤ Launching an independent assessment to bolster<br />

the quality management system at Boeing Commercial<br />

Airplanes by a highly experienced safety expert.<br />

In addition, Boeing will open its factory to 737<br />

customers to conduct their own additional reviews.<br />

That’s not the only quality issue Boeing is dealing<br />

with.<br />

Recently, Boeing supplier Spirit AeroSystems, which<br />

makes the fuselages of the 737 Max jets, notified<br />

the plane maker that two holes on 50 undelivered<br />

airplanes may not have been drilled exactly to Boeing’s<br />

requirements.<br />

The news comes one month after a catastrophic<br />

failure occurred when a door plug blew off a new Alaska<br />

Airlines Boeing 737 Max 9 at 16,000 feet, imperiling<br />

171 passengers and 6 crew members.<br />

The explosive accident caused the Federal Aviation<br />

Administration to increase oversight of Boeing and audit<br />

production of the 737 Max 9 jetliner. The agency also<br />

said it’s reconsidering its longstanding practice of relying<br />

on aircraft manufacturer employees to perform some<br />

safety analysis of planes.<br />

Boeing has dealt with misdrilled holes before.<br />

In August 2023, Boeing found fastener holes on<br />

some 737s in the aft pressure bulkhead — the heavy<br />

metal dome capping the back end of the passenger<br />

cabin that is essential to maintaining cabin pressure —<br />

had been improperly drilled by fuselage manufacturer<br />

Spirit Aerosystems.<br />

Called “snowmen” due to their elongated shape of<br />

two overlapping holes of differing size, these holes were<br />

filled with fasteners and passed quality inspections at<br />

Spirit before being shipped by rail to Boeing.<br />

Fastenal Fastener Sales Slide Steepens<br />

Fastenal Co. reported fastener sales declined for<br />

a fourth straight month in January, falling 6% to $99.6<br />

million (31.2% of overall sales). A year earlier, first-month<br />

fasteners sales increased 11.6%.<br />

Consolidated January sales gained 6.4% to $639.9<br />

million. Daily sales improved 1.6% to $29.1 million.<br />

Sales in the U.S. grew 11.2% to $531.7 million, while<br />

sales in Canada and Mexico increased 17.3% to $87<br />

million.<br />

By end market, sales to heavy manufacturing<br />

customers rose 3.3%, with sales to non-residential<br />

construction customers falling 8.6% during January.<br />

Fastenal’s full time workforce increased 2.7%<br />

during the month to 23,380 employees. Distribution/<br />

transportation personnel grew 3.7% to 3,072, while<br />

manufacturing personnel increased 1.9% to 710 workers.<br />

In the final quarter of 2023, Fastenal sales declined<br />

2.3% to $546.9 million (31.1% of of total sales). The<br />

results included a 1.9% drop in December, with pricing<br />

for fasteners decelerating at a faster pace than nonfastener<br />

products. Web: www.fastenal.com.<br />

GLOBALFASTENERNEWS.COM

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