It definitely seems like your notion is being borne out. Personally, I think it's indicative of a larger cultural problem in the US, so I don't have particular optimism that it will be corrected in time at Boeing, but I certainly hope that it is. It seems unlikely to me that the federal government will allow such a strategic supplier to simply fade away, I just hope they don't end up turning into zombie Boeing.
I too find it unlikely that it gets corrected in time, mostly because those who drove Boeing into this mess will keep their bonuses intact while grinding Boeing to a thin shell.
Sad.
But there could be hope. The engineers will end up working somewhere else. And the money to design and build planes will still exist, somewhere. This and maintenance contracts for all those 7*7s around will keep some money flowing.
I hope Boeing gets its act together. It would be a shame to have only one company designing and building big passenger planes...