Boeing’s Strike Is Over. What’s Next for the Company?

Published On Nov 5, 2024, 3:03 PM

Boeing has resolved a strike involving 33,000 employees and is now focusing on several pressing issues under new CEO Kelly Ortberg. The company is grappling with quality control crises, mounting debt, and supply chain disruptions. The recent union agreement allows attention to shift to improving product quality and production processes, which have been under scrutiny after safety incidents, including a notable issue with the 737 Max. The company aims to enhance safety through better inspections and training.

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Boeing is in a transitional phase where union resolution is a positive step, but significant underlying issues remain. Improvement in quality and safety is critical for restoration of investor confidence and future profitability. If they can effectively implement quality assurance measures, it may position the stock for modest recovery. However, the ongoing debt and supply chain issues are risk factors.

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