The Boeing Starliner's return to Earth is delayed indefinitely, adding $125 million in losses. NASA astronauts have been stuck on the ISS for 57 days due to issues with its propulsion system.
Boeing's incoming boss, Kelly Ortberg, faces a herculean task when he starts next week - restoring the might of a U.S. corporate powerhouse rocked by multiple crises.
Boeing Co BA shares are trading lower today following second quarter earnings miss reported yesterday. Several analysts raised the price target on the stock.
Incoming Boeing chief executive Robert "Kelly" Ortberg is set to officially take the reins of the aerospace giant next week. Here is a look at his background.
Why Boeing Stock Initially Jumped On Wider Losses
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Boeing has lost another $125 million on its Starliner astronaut capsule program due to delays in its first crewed flight test, which was supposed to last just eight days — and has now been on orbit for almost two months.
GE Aerospace CEO Larry Culp turned around the iconic American manufacturer. But it wasn't always smooth sailing.
DALLAS — Lawyers for relatives of some of the people killed in Boeing Max jetliner crashes asked a federal judge on Wednesday to reject a plea agreement the aircraft maker struck with U.S. prosecutors, saying it is too lenient and lets Boeing avoid accountability for causing 346 deaths.
Families for some of the 346 people killed in two fatal Boeing 737 MAX crashes said on Wednesday a U.S. judge should reject the planemaker's proposed plea deal with the Justice Department and said the government should seek a much higher fine.
Boeing named a longtime aerospace industry veteran on Wednesday as its next chief executive, who will take over a company that has been rocked by legal, regulatory and production problems.Robert “Kelly” Ortberg, a former CEO at Boeing supplier Rockwell Collins, will succeed David Calhoun as CEO and president effective Aug. 8, the company said. Calhoun announced in March that he would retire at the end of the year, and analysts generally praised the quicker transition.Boeing named its new CEO as it reported a loss of more than $1.4 billion on falling revenue during the second quarter.
Aircraft maker Boeing suffered growing losses last quarter as orders and deliveries of new aircraft weakened. A new CEO, however, offers promise of a much-needed reset of how the company operates.