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Boeing's Former CEO Dennis Muilenburg Said In 2017 His Company Will Beat Elon Musk To Mars. 7 Years Later, It Has Been Forced To Abandon NASA Astronauts At ISS, Who Will Now Be Rescued By SpaceX
Monday, August 26, 2024 - 3:53am | 635In December 2017, Boeing’s (NYSE:BA) then-CEO Dennis Muilenburg said that the first person who set foot on Mars would get there on a Boeing rocket, beating Elon Musk‘s SpaceX. But nearly seven years later, NASA is turning to SpaceX to return the astronauts who went to the International...
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What To Make Of Boeing's New Temporary CEO
Tuesday, December 24, 2019 - 11:35am | 431Boeing Co (NYSE: BA) named Chairman David Calhoun as its new CEO, but he will merely act as a "seat warmer" as the company searches for a "fresh" CEO. Temporary Duties Calhoun will assume the CEO title and oversee the return of the grounded 737 MAX to the skies. FlightGlobal...
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Boeing's Management Shuffle: The Early Reaction
Monday, December 23, 2019 - 2:47pm | 594Shares of Boeing Co (NYSE: BA) gained more than 2% Monday morning after the airplane manufacturer announced CEO Dennis Muilenburg's immediate resignation. Boeing CFO Greg Smith will serve as interim CEO through Jan. 13, at which point Boeing Chairman David Calhoun will...
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Boeing Names New CEO As 737 Max Struggles Continue, Says Change Necessary To Restore Confidence
Monday, December 23, 2019 - 10:43am | 498Boeing Co (NYSE: BA) CEO Dennis Muilenburg has resigned effectively immediately, the plane manufacturer announced Monday, and current Chairman David Calhoun has been named as CEO and president beginning Jan. 13. Boeing Chief Financial Officer Greg Smith will serve as interim CEO during...
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Boeing Whistleblower To Testify Wednesday
Tuesday, December 10, 2019 - 4:53pm | 423A retired Boeing Co (NYSE: BA) senior manager will testify Wednesday before Congress about concerns he said he expressed internally months ago about possible safety problems with the 737 Max aircraft — concerns he said went largely unheeded. Whistleblower Ed Pierson, who will testify...
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Boeing Chairman Talks CEO Compensation, Says Muilenburg 'Didn't Create This Problem'
Tuesday, November 5, 2019 - 12:20pm | 440Boeing Co (NYSE: BA) CEO Dennis Muilenburg faced "uncomfortable questions" related to compensation when he testified in front of U.S. lawmakers, Boeing Chairman David Calhoun told CNBC in a Tuesday interview. Compensation Muilenburg faced two days of congressional questioning in...
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CNBC's LeBeau: 'No Indication' Boeing's Board Will Fire CEO
Thursday, October 31, 2019 - 10:30am | 443Boeing Co (NYSE: BA) CEO Dennis Muilenburg was "hammered" by lawmakers during two days of Congressional testimony, with lots of pressure to resign, according to CNBC's auto and airline industry reporter Phil LeBeau. What Happened Sen. Ted Cruz (R-Texas) was among the very...
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Boeing CEO Muilenburg Grilled On 737 Max Crashes, Apologizes To Victim Families In Senate Hearing
Tuesday, October 29, 2019 - 5:28pm | 567Boeing Co (NYSE: BA) CEO Dennis Muilenburg told a U.S. Senate panel Tuesday he knew of the existence of internal messages about possible problems with an anti-stall system on the 737 MAX plane, possibly before a second crash blamed on the system, but only learned the details in recent weeks....
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Boeing Reports Q3 Sales Beat, Safe Return Of 737 Max Remains Top Priority
Wednesday, October 23, 2019 - 7:47am | 347Boeing Co (NYSE: BA) reported third-quarter earnings of $1.45 per share, which may not compare to the analyst consensus estimate of $2.08. This would be a 59.5% decrease over earnings of $3.58 per share from the same period last year. The company reported quarterly sales of $19.98 billion, which...
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The Latest On Boeing: 737 Max Delay, Pilot Reportedly Sounded Alarm On Safety, CEO To Speak
Wednesday, May 29, 2019 - 10:55am | 660An Ethiopian Airlines pilot raised concerns with his superiors that more training was needed on Boeing Co (NYSE: BA)'s 737 Air Max plane, according to a new Bloomberg report. What Happened Documents and e-mails reviewed by Bloomberg show that Ethiopian Airlines pilot Bernd...
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Boeing CEO Grilled By Shareholders On 737 Max Issues
Monday, April 29, 2019 - 1:45pm | 589Boeing Co (NYSE: BA) stock traded mostly flat Monday after CEO Dennis Muilenburg discussed the company’s outlook with shareholders in the wake of its 737 Max issues. The 737 model was grounded earlier this year after two fatal crashes involving its most popular model. Muilenburg denied...
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What Boeing Looked Like The Last Time It Went A Month Without Selling A 737
Wednesday, April 10, 2019 - 4:45pm | 878Beleaguered Boeing Co. (NYSE: BA) didn’t book any new 737 sales in March for the first time in about seven years after the 737 MAX model was grounded after two crashes in recent months that killed a total of 346 people. The Wall Street Journal reported this week that the last time...
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Boeing Crushes Q1 Estimates: What You Need To Know
Wednesday, April 25, 2018 - 8:37am | 367Boeing Co (NYSE: BA) reported Wednesday morning its first quarter results, which crushed Wall Street's estimates and sent shares higher by more than 3 percent. What Happened Boeing said it earned $3.64 per share in the first quarter on revenue of $23.4 billion. Wall Street analysts were...
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Boeing CEO Gives Trump's Tax Plan A Thumbs Up
Friday, December 8, 2017 - 12:11pm | 408President Donald Trump's proposed tax plan continues to inch closer to passing, which has many corporate CEOs excited about the positive impacts a tax reduction would have on their business and the overall economy. What You Need To Know Tax reform is not only needed at the corporate level,...
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Boeing's CEO Strikes Optimistic Tone At Analyst Conference
Thursday, September 14, 2017 - 11:19am | 330Boeing Co (NYSE: BA) CEO Dennis Muilenburg told surprised analysts the company was increasing production of its flagship 787 Dreamliner from 12 a month in 2019 to 14, prompting Jefferies analyst Howard A. Rubel to rate the airline a Buy with a price target of $275. Boeing was trading at $245.24 at...