Kelly Ortberg

Editor’s note: This story has been updated to state that Boeing reports earnings premarket Wednesday, not after the closing bell. Boeing Co. (NYSE:BA) and its striking machinists reached a preliminary agreement to resolve the five-week strike over the weekend. Union members will vote on the...

Boeing Company (NYSE:BA) added large-scale layoffs to its list of troubles in 2024 as the company faces an ongoing strike of its unionized factory workers, government investigations, executive churn and mounting financial losses.  Boeing To Cut 17,000 Jobs: The aerospace giant announced Friday...

Jim Cramer expressed his concerns regarding Boeing Co.’s (NYSE:BA) financial health after the plane maker announced plans to lay off 17,000 employees in the wake of ongoing safety issues and worker strikes. What Happened: Cramer, in CNBC‘s Lightning Round on Saturday, voiced his...

Boeing Co's (NYSE:BA) stock is flying low as the company battles a machinist strike that has forced tens of thousands of workers off the job. In a bid to cut costs, Boeing has furloughed thousands of U.S. employees, executives, and non-essential contractors. CEO Kelly Ortberg confirmed the...

Boeing Co. (NYSE:BA) has started temporary furloughs for thousands of employees as it grapples with the financial impact of a machinists union strike. What Happened: In a memo to employees, Boeing CEO Kelly Ortberg stated that the furloughs, affecting U.S.-based executives, managers, and employees...

Boeing Company (NYSE:BA) shares are trading lower Friday after 33,000 Boeing factory workers went on strike just after midnight.  The Details: Aircraft assembly workers walked off the job early Friday morning after rejecting a contract offer presented by Boeing and the International...

Ahead of a crucial vote, Boeing Co. (NYSE:BA) faces potential disruptions in its aircraft production as workers decide on a strike. What Happened: Boeing is awaiting the results of a crucial vote on Thursday by 33,000 aircraft assembly workers. The vote will determine whether they will strike and...

In pre-market trading, shares of Boeing Co. (NYSE:BA) saw a slight increase following the announcement of a preliminary agreement between the company and its workers’ union, potentially averting a strike that could have disrupted operations. Boeing’s shares were trading 2.94% higher in...

SpaceX CEO Elon Musk on Saturday expressed optimism for rival rocket maker Boeing Space (NYSE:BA) under its new CEO, hours after NASA announced that the astronauts who went to space aboard Boeing’s Starliner would return via a SpaceX vehicle. What Happened: “The new Boeing CEO is...

The newly appointed CEO of Boeing (NYSE:BA), Kelly Ortberg, has decided to move to Seattle, the company’s original home, in a bid to address the ongoing safety crisis. What Happened: Ortberg’s relocation to Puget Sound, Washington, from Boeing’s corporate headquarters in...

After years of operations marred in controversy, Boeing Co (NYSE:BA) announced the hire of a new chief executive on Wednesday, replacing the outgoing Dave Calhoun. What Happened: Boeing has faced years of widespread criticism following two crashes of its 737 Max and the fleet’s subsequent...

In the race to fill the top spot at Boeing (NYSE:BA), four candidates have emerged as potential successors. What Happened: Following the announcement in March that CEO Dave Calhoun will step down by year-end, experts have identified four potential successors. This decision came in the wake of the...

United Technologies Corporation (NYSE: UTX) will acquire Rockwell Collins, Inc. (NYSE: COL) in a deal worth $30 billion, forging an aerospace behemoth producing virtually all types of avionics systems for commercial and defense aircraft. The purchase price includes $23 billion and the acquisition...