Reported 3 months ago
Boeing has named Kelly Ortberg, former CEO of Rockwell Collins, as its new president and CEO, succeeding Dave Calhoun. The company reported a larger-than-expected second quarter loss and missed revenue estimates, with a significant drop in commercial jet deliveries. Adjusted loss per share was $2.90 against an estimated $1.82, while free cash flow burn reached $4.3 billion. Boeing also faces ongoing legal challenges related to its past practices following two deadly 737 MAX crashes.
Source: YAHOO