John Mulholland, who previously managed the Boeing Starliner program before taking up the role on Boeing's space station operations in 2020, is set to take Mark Nappi's job.
Boeing's newest plane has been beset by certification delays, with flight tests paused for months, sparking frustration among some customers.
Spirit AeroSystems (NYSE:SPR) shareholders have voted to approve Boeing’s (NYSE:BA) takeover of the aerostructure manufacturer, Spirit said Friday. The vote occurred at a special shareholders meeting earlier in the day,
CEO Kelly Ortberg took over at Boeing knowing that the company was in trouble. Those troubles added up to an $11.8 billion loss last year, the company reported on Tuesday.
Boeing has lost more than $2 billion producing the Next Air Force One after President Donald Trump renegotiated the deal in his first term.
And now that the dust has settled at aerospace stock Boeing (BA), it is now time to look to the future, and see if Boeing can pull off anything
Boeing's focus on core values and product-driven turnaround under CEO Kelly Ortberg offers promising long-term potential. Click here to read why BA is a Buy.
Boeing posted a fourth-quarter loss of $3.8 billion on Tuesday as a machinists strike and other problems continued to plague the troubled aircraft manufacturer.
In an interview with The Seattle Times after reporting grim financial results early Tuesday, Kelly Ortberg said that six months into the job, he thinks Boeing is "starting to turn the corner."
BA stock, with -32% returns since the beginning of 2024, has significantly underperformed the S&P 500 index, up 27%.
Boeing on Tuesday reported a fourth-quarter net loss in line with its recently issued preliminary results, closing out a difficult year that saw it burn through billions amid safety investigations and a strike.
Spirit AeroSystems Holdings, Inc. (NYSE: SPR) today announced that, at the special meeting of its shareholders held earlier today, its shareholders voted to approve the proposed acquisition of Spirit AeroSystems by The Boeing Company.