The Investors Who Bought The Illusion & The One Man Who Broke It Open

NEW YORK - Nov. 14, 2025 - PRLog -- Daryl Guberman, a long-standing quality, manufacturing, and aerospace accreditation specialist with more than four decades of industry experience, has issued a detailed statement outlining what he describes as a 22-year aerospace quality illusion involving Boeing's AS9100 certification, federal oversight practices, and the investment behavior of the world's largest institutional asset managers.

Boeing International Film: "The Shields Of Death – Exposing Decades Of Uncertified Corruption" https://youtu.be/zweWbsIGc7o

According to Guberman, Boeing had never held AS9100 aerospace certification—the industry's foundational quality benchmark—since July 2002 Supplier Bulletin. Despite this, he states that:

• Boeing maintained influential positions within accreditation bodies,
• Federal agencies did not intervene,
• The investing public and major institutional firms remained unaware,
• And more than 12,000 commercial aircraft and over 400 military were built during this period.

A 22-Year Illusion, According to Guberman

Guberman states that this situation did not arise from clerical error or paperwork delays but from long-term systemic oversight gaps that persisted through multiple federal administrations, FAA leadership cycles, and global investment cycles.

He asserts:

"This was a 22-year illusion. An illusion that Boeing maintained AS9100 aerospace certification even though they never held it.

Critical Early Timeline Guberman Highlights (2001–2003)

2001 — Post-9/11 Layoffs and the Shift in Oversight

Guberman notes that on September 19, 2001, Boeing publicly announced plans to lay off 20,000–30,000 employees, citing the impact of 9/11 on aviation demand. https://theworldlink.com/boeing-to-cut-20-000-to-30-000-jobs-by-end-of-next-year/article_f633820c-ddac-5ba0-9641-2e0a7d90c0cf.html

April & July 2002 — Boeing Supplier Bulletins

Seven months later, Boeing issued two major supplier bulletins:

• April 2002: Mandated controls for special processes including
  heat treatment, welding, and non-destructive testing.
• July 2002: Required all suppliers to be AS9100 certified and ANAB-accredited, while listing that third-party registrars may be ANAB or "internationally equivalent"—a category that, according to Guberman, included countries such as Iran, Pakistan, and China.
• Boeing stated in the 2 bulletins if need be or need arises Boeing would visit their suppliers. They also mentioned that this would get rid of redundant inspections. For Boeing if apparently meant not sending their own inspectors to suppliers. There is no such term as redundant in quality.

Guberman states these supplier mandates created the appearance that Boeing itself was aligned with AS9100—even as he asserts the company was not certified.

October 2003 — ANSI-RAB / ANAB "Heads Up 22"

Guberman highlights Heads Up 22, a directive requiring aerospace companies to be listed in the Online Aerospace Supplier Information System (OASIS) controlled by the International Aerospace Quality Group (IAQG).

He notes that Boeing controlled "approximately 65% of the decision-making process" within that system.

According to his findings on Heads Up 22 no AS9100-certified company was allowed to refuse inclusion or database fees. They would risk getting there certification taken away.

2009 — FAA Delegation and the "Self-Certification Era"

Guberman asserts that in 2009 the FAA delegated significant certification authority to Boeing, allowing the company to self-certify and perform internal approvals of:

• Aircraft technologies
• Design processes
• Safety systems (including MCAS)
• Certain conformity inspections

He notes that some Boeing personnel were designated as FAA representatives, yet remained Boeing employees paid by Boeing, which he argues created a structural conflict of interest. He also stated that if Boeing was pay full time Boeing-FAA inspectors that in essence the Boeing CEO would be the Onsight FAA administrator.

https://avweb.com/news/faa-grants-boeing-more-autonomy-on-certification/

Guberman points to the crashes of Lion Air 610 and Ethiopian Airlines 302, and cites a later FAA spokesperson statement claiming that the FAA does not allow companies to "self-police—or self-certify" something he states was contradicted by the 2009 delegation framework.

2014: A Year Guberman Identifies as a Critical Convergence Point

In 2014, two events occurred simultaneously, which Guberman argues are central to the illusion:

1.   Boeing joined the Management System Accreditation Committee (MSAC) of ANAB —
the very body responsible for accrediting AS9100 certifiers.

2.   Vanguard and BlackRock began large-scale accumulation of Boeing stock, steadily expanding to multibillion-dollar positions.

Guberman asserts:

"Seeing Boeing seated on an ANAB accreditation committee would lead any investor to assume AS9100 alignment. But the certification itself was absent. For 22 years."

Institutional Investors and the Blind Spot

Guberman highlights that from 2014 onward, the following firms dramatically increased Boeing holdings:

• BlackRock
• Vanguard
• Fidelity
• State Street
• Capital Group
• T. Rowe Price
• Northern Trust
• Dozens of additional institutional investors

He states:

"These firms weren't investing in fraud knowingly—they were investing in what they believed was a properly accredited aerospace manufacturer."

2018–2024: Structural Shifts and Public Admission

2018 — ANSI Takes Full Control of ANAB

Guberman notes that ANSI consolidated complete authority over ANAB and that ANAB/ANSI founded the International Accreditation Forum (IAF) Inc. in Delaware, while IAF's sister body ILAC remained based in Australia.  ANSI-ANAB are underwriters for IAF-ILAC which means they take all legal responsibility for systematic and product failure January 2026 IAF-ILAC are merging into GLOBAC Global Accreditation Cooperation. https://www.prnewswire.com/news-releases/ansi-acquires-full-ownership-of-anab-enhancing-accreditation-services-portfolio-across-global-market-300760006.html

June 2024 — Boeing Executive Acknowledges AS9100 Gap

Guberman cites a Reuters interview in which Boeing Senior Vice President Elizabeth Lund stated Boeing was "willing to get AS9100," which he argues amounted to a public admission that Boeing had not been certified since 2002. https://www.reuters.com/business/aerospace-defense/boeing-brief-european-regulators-new-production-plans-after-737-max-panel-2024-06-27/

October 2024 — Guberman's On-Site Audit Attempts

Guberman traveled to Everett, Auburn, Renton, and Northfield, speaking directly with Boeing employees regarding:

• Internal audits
• AS9100 practices
• Certification status

He states that employees confirmed the lack of AS9100 certification and that internal audits did not align with AS9100 standards.

According to Guberman:

"Boeing assembled airplanes in an uncertified, unverified, unsanctioned environment for 22 years."

He cites:

• 12,000+ commercial aircraft built during this period
• 400+ additional aircraft assembled in the same environment

Guberman argues that FAA oversight procedures were unreliable because responsibilities were delegated to the manufacturer itself.

Why Guberman Says This Matters

He emphasizes broader consequences:

• National security
• Aviation safety
• Reliability of FAA oversight
• Supply chain integrity
• Investor transparency

He concludes:

"Boeing's role inside ANAB created an image of accreditation alignment. Investors believed the illusion. The public believed the illusion. But the certification was gone. I was the only one who tied the timeline together."

About Daryl Guberman

Guberman further asserts that Boeing's 22-year lapse in AS9100 certification—combined with what he describes as its collusive relationship with ANAB—did not merely undermine Boeing's own quality system but fractured the integrity of the entire global certification and accreditation framework. He states that this collapse extends beyond AS9100 into ISO 9001 and every related derivative standard, and that all certifications issued under ANAB or its "international equivalents" have been fundamentally compromised—not only during Boeing's 22-year uncertified period, but far into the future. According to Guberman, any AS9100 or ISO 9001 certificate issued under ANAB or an ANAB-equivalent body is invalid, including any future certification Boeing may attempt to obtain. He emphasizes that when Boeing Vice President of Quality Elizabeth Lund publicly stated in June 2024 that Boeing was "willing to get AS9100," the admission confirmed that Boeing had operated without accredited aerospace certification since July 2002—and that any new certificate issued under ANAB or its equivalents "would carry no legitimacy whatsoever." This issue exceeds a $254 billion for the 22 year worldwide.

Guberman draws on more than 40 years as a quality and aerospace manufacturing expert, with deep experience in accreditation systems, supplier evaluations, industrial compliance, and oversight across aerospace, manufacturing, and medical industries. His investigations and public analyses have centered on transparency, regulatory integrity, and the protection of the flying public. A notable milestone in his advocacy was his April 17, 2024 appearance before the U.S. Department of Homeland Security Subcommittee, where he spoke in defense of the 4.7 billion people who fly annually https://www.newstribune.com/photos/2024/apr/18/3749044/  . He reinforced these concerns through on-site canvassing of Boeing employees across Everett, Renton, Northfield, and Auburn, Washington in October 2024—conversations in which employees confirmed Boeing had not been operating under AS9100 certification or internal audit structures consistent with Elizabeth Lund's claims.