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

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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.

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