Boeing’s New C.E.O. Calls for ‘Culture Change’ as Strike Vote Looms

Published On Oct 23, 2024, 7:40 AM

Boeing's new CEO, Kelly Ortberg, has outlined a strategy to turn around the troubled aerospace company while addressing the current strike by over 33,000 employees. Ortberg emphasized the need for a culture change and fundamental improvements in operations to regain trust and stabilize the business after reporting a substantial $6.2 billion loss in the last quarter. He expressed optimism that an agreement being voted on by employees could end the strike and allow the company to resume production and address supply chain issues.

Read full article

Stock Forecasts

BAView BA chart on TradingView

Positive

Boeing's outlook is heavily reliant on concluding the strike and restoring production capabilities. If the contract is accepted and operations resume, this could lead to a recovery in Boeing's stock prices. However, if the strike continues or the new contract is rejected, the financial strain will likely worsen, adversely affecting investor confidence.

Related News

Stock market today: Dow futures lead S&P 500, Nasdaq lower as Treasury yields tick up

Oct 23, 2024, 6:45 AM

Doubts about rate cuts weighed on investors preparing for a busy day of earnings from the likes of Tesla and Boeing.

BA
TSLA
AGG

Boeing-made communications satellite breaks up in space

Oct 22, 2024, 11:50 PM

The "total loss" of the communications satellite has affected Intelsat customers around the world.

BA

Boeing strike costliest in economic damage so far in 2024

Oct 22, 2024, 6:00 AM

Boeing and its striking union machinists have reached a tentative deal that could end the work stoppage, which analysts say has been the most costly of 2024.

BA