Reported 8 days ago
Boeing is currently navigating a turbulent period marked by a series of setbacks, including production issues, financial losses, and a strike by machinists. Adding to this instability, the company recently announced that its Defense Division head, Ted Colbert, is retiring and will be temporarily succeeded by COO Steve Parker. While Colbert's departure may suggest a potential shift for Boeing's stagnant defense revenues, there are concerns regarding the continuity of leadership and the challenges within the division, potentially leaving investors anxious about the company's prospects for recovery.
Source: YAHOO