Boeing Co (NYSE:BA) has seen no shortage of unpleasant headlines this past year, though the airplane manufacturer scored a contract to build the U.S. Air Force's latest fighter jet.
"I'm not pressuring the team to go fast. I'm pressuring the team to do it right," Ortberg said at a Senate Commerce Committee hearing.
Boeing CEO Kelly Ortberg will testify in a Senate hearing on Wednesday about Boeing's production quality and safety culture following a series of safety incidents.
‘Liberation Day' has arrived with President Donald Trump set to announce and implement sweeping tariffs on imported goods. Car stocks have fallen in anticipation of the day, but that doesn't mean its time to buy the dip.
One of the new effects the new Trump presidency has on the markets is the rollout of policies and investment budgets, so traders are on the edge when it comes to the defense and aerospace sectors. The main focus has been centered in this space with regard to geopolitical tensions and the choice to stop funding some overseas defense programs, particularly in Europe.
At press time on April 2, Boeing stock (NYSE: BA) was trading at $167.01, after a 6.58% drop on the 1-week chart. President Trump's latest round of tariffs, to be announced later today, could severely impact the aviation giant's long and complex supply chain.
Boeing CEO Kelly Ortberg will face tough questions on the planemaker's recent safety issues and other hot-button topics on Wednesday when he appears before the Senate Commerce Committee.
Boeing CEO Kelly Ortberg is set to testify before the Senate Commerce Committee on Wednesday at 10 a.m. ET. The hearing comes as the plane maker has faced manufacturing and safety crises in its commercial and defense units.
President Donald Trump has already imposed new 25% tariffs on steel and aluminum, impacting some of the thousands of components which make an aircraft. But, unlike 5 years ago, European planemakers themselves are not expected to be on the new list of tariffs announced on April 2.
Democratic Senator Maria Cantwell on Tuesday urged the Federal Aviation Administration to address critical concerns before deciding whether to extend a program that allows Boeing to perform FAA-delegated tasks like inspections and approving repairs.
Boeing CEO Kelly Orberg will tell lawmakers on Wednesday the U.S. planemaker has made "serious missteps" after a January 2024 mid-air emergency involving a new 737 MAX.
Subscribers to Chart of the Week received this commentary on Sunday, March 30.