Curt Nothstine Discusses Boeing's Core Network-Space Systems Markets and Cost Accounting Standards

Oct. 16, 2014 - PRLog -- Executive spotlights are in-depth Q&A’s which ExecutiveBiz conducts with numerous chief and top-level executives in GovCon.

The intimate access afforded by these interviews provides insight as to how companies are acquiring new business, what the future holds and the personal side of corporate leaders.

ExecutiveBiz recently published a spotlight with Curt Nothstine, Boeing‘s network and space systems business unit’s chief operating officer and vice president.

He spoke with ExecutiveBiz about the state of U.S. government customers, his previous leadership roles and Boeing’s three major markets.

“The demands of the U.S. government customer have been pretty significant given the environment we live in. Sequester has been part of our lexicon for several years and we have a customer requirement to develop and deliver products sooner and cheaper. Our customers are challenged in terms of meeting their mission needs with reduced budget dollars. We have to find ways to leverage our capabilities into better product and service offerings to meet the customer demands at the right price point,” Nothstine said.

Nothstine also spoke about some of the accounting standards at Boeing and detailed the different agencies the company must work with.

“Our commercial business is governed by the U.S. Generally Accepted Accounting Principles while the defense business is covered by the government cost accounting standards, which are primarily overseen by the Defense Contract Management Agency and the Defense Contract Audit Agency. Oversight and compliance reviews come in various forms like the ticketed systems such as Material Management and Accounting System standards or earned value management,” he said.

“I joined the company straight off from college. Boeing is one of the great iconic brands in the world, along the lines of Coca-Cola and IBM. If there is a commercial jetliner in the world, people tend to think that it is Boeing product. I’ve been with the company a little over 30 years because I’ve had great opportunities throughout my career in both finance and program management,” Nothstine said.

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