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Outgoing Boeing CEO Vows Persistence In Crisis Aftermath: 'We Have Another Mountain To Climb'
Monday, March 25, 2024 - 3:38pm | 849David Calhoun, the CEO of Boeing Co (NYSE:BA), has stepped down along with chairman Larry Kellner in the wake of an investigation by federal authorities into the January Alaska Airlines (NYSE:AAL) incident when a door panel blew out in mid-flight. Calhoun has said he will stay on until the end of...
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Boeing CEO Dave Calhoun's Tenure Under Scrutiny As Airplane-Maker Faces 'Extreme Embarrassment' Amid Series Of Crisis
Friday, March 15, 2024 - 4:20am | 758Boeing Co (NYSE:BA) CEO Dave Calhoun is under intense scrutiny as the company grapples with a series of crises. Despite the ongoing turmoil, Calhoun has managed to retain his position, leaving industry experts and analysts perplexed. What Happened: Boeing has been embroiled in a series of crises,...
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Boeing Announces Leadership Shift For Troubled 737 Max Program After Recent Episode
Thursday, February 22, 2024 - 2:16am | 751In the wake of a recent incident involving one of its 737 Max planes, Boeing Co (NYSE:BA) has decided to replace the head of its 737 Max program. What Happened: The aerospace giant has announced that Ed Clark, the current head of the 737 Max program, will be leaving the company. This decision comes...
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Boeing CEO Dave Calhoun Has A Clear Message For Everyone: 'Boeing Owns It'
Wednesday, January 31, 2024 - 4:46pm | 484Boeing Company (NYSE:BA) reported quarterly results Wednesday morning. Following the print, Boeing CEO Dave Calhoun shared details on CNBC's "Squawk on the Street" regarding the company's renewed focus on quality and accountability. What Happened: Boeing has been under scrutiny since a door plug...
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Boeing 737 Max Planes Return To Sky, FAA Stops Company's Planned Expansion: 'One Step Forward, Two Steps Back'
Friday, January 26, 2024 - 3:34pm | 728Airplane manufacturer The Boeing Company (NYSE:BA) has faced several setbacks related to an incident involving its 737 Max 9 aircraft. The Federal Aviation Administration (FAA) issued several rulings this week, which were both good and bad for the company. What Happened: On Wednesday, the FAA...
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US Lawmakers Urge Boeing CEO To Put 'Safety Ahead Of Profits' As Senators Probe Into 737 MAX 9 Safety Lapse
Wednesday, January 24, 2024 - 10:56pm | 696Boeing Co (NYSE:BA) CEO Dave Calhoun met with U.S. senators on Wednesday amid ongoing scrutiny regarding the recent 737 MAX 9 blowout. What Happened: Calhoun met with several U.S. lawmakers on Capitol Hill, including Sen. Maria Cantwell (D-Wash.) and Sen. Jerry Moran (R-Kan.). However, the CEO did...
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FAA Halts Boeing's 737 Max Production Expansion Amid Quality Control Issues: 'Won't Be Back To Business As Usual'
Wednesday, January 24, 2024 - 9:40pm | 809The Federal Aviation Administration (FAA) has put a stop to Boeing Co‘s (NYSE:BA) planned expansion of its 737 Max aircraft production. This decision comes in the wake of the recent incident involving a Max 9 aircraft, which has now been cleared for service. What Happened: The FAA announced...
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Boeing CEO Dave Calhoun To Meet Ted Cruz And Other Senators Over 737 MAX 9 Grounding
Tuesday, January 23, 2024 - 9:50pm | 643The CEO of Boeing Co (NYSE:BA), Dave Calhoun, is reportedly set to meet with U.S. senators this week to address concerns about the 737 MAX 9 grounding. What Happened: Calhoun will meet with Sen. Ted Cruz (R-Texas) and Mark Warner (D-VA) to discuss the recent 737 MAX 9 grounding, reported Reuters....
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Boeing Reports Disappointing Q4 Earnings, But CEO Sees 'Explosive Start' To 2023 In Company's 'Sweet Spot'
Wednesday, January 25, 2023 - 4:41pm | 528Boeing Co (NYSE: BA) shares are taking off after being trapped on the runway for most of the morning. The company turned in disappointing fourth-quarter results on Wednesday, but CEO Dave Calhoun says the planemaker has tailwinds under its wings. "If we look at the way we finished...
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Why Boeing Stock Is Falling Today
Wednesday, January 25, 2023 - 10:15am | 427Boeing Co (NYSE: BA) shares are trading lower Wednesday morning after the company reported worse-than-expected financial results. What Happened: Boeing reported fourth-quarter revenue of $19.98 billion, which missed average analyst estimates of $20.38 billion, according to Benzinga Pro....
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Boeing 'Very Close' To Delivering 787 Dreamliner After 2 Years — Gives Update On 737 MAX Status
Monday, July 18, 2022 - 1:00am | 418Boeing Co (NYSE: BA) is reportedly nearing the end of regulatory hurdles for resuming deliveries of its 787 Dreamliner after a nearly two-year pause over some production defects. What Happened: The U.S. planemaker is "very close" to restarting deliveries of the wide-...
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Boeing Will Shift Base To Arlington As It Seeks Closer Ties With Washington
Friday, May 6, 2022 - 2:39am | 303Boeing Co (NYSE: BA) on Thursday said it would shift its corporate headquarters to Arlington, Virginia from Chicago, Illinois — a move that would help its senior management and other key members get closer to decision-makers at the White House. What Happened: The planemaker said its...
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Why Boeing Shares Are Falling
Wednesday, April 27, 2022 - 9:27am | 221Boeing Co (NYSE: BA) shares are trading lower Wednesday after the company reported financial results that were down year-over-year. Boeing said first-quarter revenue totaled $13.99 billion, which was down from $15.22 billion year-over-year. The revenue decline was driven by lower defense...
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Why Boeing Is A Bad Trade, But A Good Investment
Thursday, July 15, 2021 - 4:41pm | 258Boeing Co (NYSE: BA) has been trending lower this week after the company announced its second-quarter delivery numbers and paused the delivery of its 787 Dreamliners. Boeing is a bad trading vehicle, but it's a great investment, Cerity Partners' Jim Lebenthal said Thursday on...