Boeing appoints new CEO as company faces production challenges and legal woes

  • 📰 13WHAM
  • ⏱ Reading Time:
  • 13 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 63%

Boeing News

CEO,Production,Loss

Boeing announced its new CEO as it reported a loss of more than $1.4 billion on falling revenue during the second quarter.

FILE - A Boeing 737 MAX aircraft is shown on the assembly line at the Boeing facility in Renton, Wash., June 25, 2024. Boeing reports earnings on Wednesday, July 31, 2024. Boeing named a longtime aerospace industry veteran as its next chief executive, who will take over a company that has been rocked by legal, regulatory and production problems.as it reported a loss of more than $1.4 billion on falling revenue during the second quarter.

Mollenkopf said Ortberg has earned a reputation for running complex engineering and manufacturing companies. Excluding special items, the loss worked out to $2.90 per share. Analysts expected a loss of $1.90 per share, according to a FactSet survey.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 256. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines