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.
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. 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.
Richard Aboulafia, a longtime aerospace analyst and consultant and recently a harsh critic of the company, said the hire is great news for Boeing. In a statement issued by Boeing, Ortberg said, “There is much work to be done, and I’m looking forward to getting started.”in the wake of the two Max crashes, Ortberg will inherit the leadership of a company facing ongoing crises and criticism from inside and outside the company. Boeing has lost more than $25 billion since the start of 2019.of manufacturing shortcuts that crimp on safety.
The commercial-airplanes division had an operating loss of $715 million and revenue plunged 32% as Boeing delivered fewer passenger jets to airlines — 92 planes, compared with 136 a year earlier.
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