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I read the article.

The Indian software companies say they did not work on any software that is currently under investigation.

Heads Up - almost all of Boeing’s engineers in the Seattle metro area are unionized.

Also, I am still not aware of any “close calls” in North America, Europe, or wealthy Asian countries that were caused by the “defective” software.

The whole premise of this Bloomberg critique is all wrong, IMHO.

I'm an industry analyst who looks at the telecom software business, so I follow a couple companies in India and many companies who have a software development shop in India or other "developing" countries. Some perspective:

If you use the CIA's measure of per capita GDP, you find America is at $59,500 a year versus India's $7,200 a year. That means the value of a $9/hour wage in India equates (roughly) to $74 an hour - not bad!
The level of engineering training in India is very high. There are 10,000 engineering institutes in the country overall. The CEO of Microsoft is a product of India's high caliber education program.
Large U.S. corporations (banks, telecoms, tech companies) have major offices in India doing software development. A company like Verizon or IBM might have 50% or more of its total lines of code written in developing countries.
In aerospace, there are mission-critical systems needed to fly the planes and guard the safety of passengers, as well as non-mission critical systems. Certain subsystems like manufacturing the seats and entertainment electronics are outsourced to contractors around the world. So Boeing as the systems integrator maintains control over the entire airplane's systems -- and many subsystems do not require the highest level of aerospace/safety-affecting software expertise.
The high safety/mission critical core systems and their design require the utmost engineering expertise, but other areas such as user-interfaces and reporting require patient, but more routine development work. So developers are assigned work accordingly. In any case, the whole system is tested rigorously as a whole, no matter what the origin of the individual software modules.

I'd be interested to hear from software developers and engineers who can discuss how a systems integrator like Boeing manages the total software effort.

“Also, I am still not aware of any “close calls” in North America, Europe, or wealthy Asian countries that were caused by the “defective” software.”

Good point. My opinion is that the crashes were the result of bad piloting.

“Heads Up - almost all of Boeing’s engineers in the Seattle metro area are unionized.”

Not exactly. Many are contractors and software is also written in Denver, Dallas, Vancouver, Poland, and a few other countries.