Opening up a new chapter in its century-long history, Boeing says its next CEO and president will be Kelly Ortberg, a 64-year-old aerospace executive who previously held the CEO post at Rockwell Collins, now a subsidiary of RTX.
The Boeing Company (NYSE:BA ) Q2 2024 Earnings Conference Call July 31, 2024 10:30 AM ET Company Participants Matt Welch - Vice President of Investor Relations Dave Calhoun - President & Chief Executive Officer Brian West - Executive Vice President & Chief Financial Officer Conference Call Participants Doug Harned - Bernstein Peter Arment - Baird Sheila Kahyaoglu - Jefferies Myles Walton - Wolfe Research David Strauss - Barclays Jason Gursky - Citigroup Kristine Liwag - Morgan Stanley Cai von Rumohr - TD Cowen Seth Seifman - JPMorgan Noah Poponak - Goldman Sachs Ken Herbert - RBC Capital Markets Operator Thank you for standing by. Good day, everyone, and welcome to the Boeing Company's Second Quarter 2024 Earnings Conference Call.
The leadership change at Boeing bodes well for the radical transformation that the plane maker requires. But outflying a troubled culture and growing debt pile will be tough.On Wednesday, the Arlington, Va.
The Boeing Company BA reported earnings that were well short of estimates. But the stock has moved higher and may continue to do so.
Boeing Co (NYSE:BA, ETR:BCO) has named Kelly Ortberg as its new Chief Executive Officer, replacing outgoing CEO Dave Calhoun. Ortberg, previously CEO of Rockwell Collins and a special advisor to United Technologies CEO Greg Hayes, brings a wealth of experience in both the Commercial Aerospace and Defense sectors.
Wall Street wanted an outsider with engineering and manufacturing experience to be Boeing's next CEO. The embattled company's board of directors delivered Wednesday, announcing that former Rockwell Collins CEO Robert “Kelly” Ortberg will take the reins on August 8.
Boeing's (BA) Q2 revenues of $16.87 billion miss the Zacks Consensus Estimate by 3.5% and decline 15% from the year-ago quarter's reported figure.
Although the revenue and EPS for Boeing (BA) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
The company has faced heightened scrutiny since a door plug flew off an Alaska Airlines 737 MAX earlier this year.
Boeing Co (NYSE:BA) shares are up 1.6% to trade at $189.81 this morning, after the blue-chip aerospace manufacturer announced a new CEO and second-quarter results.
Boeing named former Rockwell Collins chief Robert "Kelly" Ortberg its next CEO Wednesday, as the aviation giant reported a hefty loss on continued operational problems.