Boeing said on Friday that Ted Colbert, president and CEO of its defense, space and security unit will be leaving the company effective immediately.
Boeing said furloughs began on Friday for thousands of employees in Washington State and Oregon, after more than 32,000 workers went on strike last week, halting production of the U.S. planemaker's best-selling 737 MAX and other jets.
BA secures a $29.47 million contract for the procurement of black III spare windshield panels used on the F/A-18 E/F fighter jets.
CNBC's Phil LeBeau reports on news from Boeing.
The ongoing strike by the largest union representing Boeing employees has already cost the company more than $500 million after one week, and those costs are set to escalate.
In his first day at Boeing, Kelly Ortberg visited the factory floor to speak with workers on the 737 MAX program, part of the new CEO's effort to "reset" labor relations.
Boeing (BA) Chief Executive Officer (CEO) Kelly Ortberg told staffers in a memo that the airplane maker is temporarily furloughing U.S.-based employees to preserve cash, as the crippling strike by machinists continues.
Boeing will temporarily furlough thousands of U.S. executives, managers and other staff, citing the ongoing machinist strike as the company races to preserve cash, CEO Kelly Ortberg told employees Wednesday. The furloughs will affect tens of thousands of Boeing employees, a company spokesperson said.
Transportation Secretary Pete Buttigieg joins 'Squawk Box' to discuss President Biden's speech at the Economic Club in Washington today, state of the economy, possible dockworker strike at key U.S. ports, state of the Boeing strike, and more.
U.S. Transportation Secretary Pete Buttigieg on Thursday said he believes both sides want to reach an agreement in the labor dispute at Boeing in which 30,000 striking machinists have halted production of its best-selling 737 MAX and other airplanes.
CNBC's Joe Kernen reports on the latest news.
Boeing is slated to furlough thousands of employees after 30,000 workers began a strike last week. The strike halted production of key planes like the 737 MAX.