The Boeing board has reached a decision on the person to replace Dave Calhoun as president and CEO, naming former Rockwell Collins CEO Kelly Ortberg as the chosen candidate.
Troubled planemaker hopes to turn its fortunes around after huge losses due to 737 Max 9 aircraft line fiascos
Boeing is expected to post another loss as a safety and manufacturing crisis weighs on deliveries of new planes. Both the company's commercial and defense units have been challenged by programs running behind schedule and higher-than-expected costs.
The aerospace firm reports second-quarter earnings Wednesday morning. Investors should expect turnaround talk, and maybe some CEO succession planning.
The chair of the Senate Commerce Committee wants the Federal Aviation Administration to conduct a thorough review into its oversight of Boeing and other manufacturers, raising serious questions about the government's scrutiny of the planemaker.
Both Boeing and Airbus have faced production snarls of key aircraft parts and a shortage of skilled workers coming out of the pandemic. Boeing's problems after the pandemic have been compounded by its safety crisis that forced it to slow production to stamp out defects.
Howmet Aerospace delivered strong earnings and guidance, and hiked its dividend and buyback. The Boeing supplier is breaking out.
Boeing is embroiled in multiple legal and public relations challenges related to its management and quality controls. Despite near-term headwinds, the company retains a strong competitive moat in this highly regulated industry.
One should refrain from buying Boeing (BA) ahead of its Q2 results, considering its downward earnings estimate revision, dismal delivery figures as well as poor price performance.
Airbus beat Boeing in the orders tally at last week's Farnborough Airshow. But orders were down from previous years amid supply-chain frustrations.
On Sunday, The Air Current reported that former Rockwell Collins CEO Kelly Ortberg was a candidate to run Boeing when current CEO Dave Calhoun leaves.
The U.S. Space Force awarded $1.1 billion to Boeing and Lockheed Martin's joint venture, ULA, last week. SpaceX won only $661 million in contracts, despite charging lower prices.