Reported 8 months ago
During a US Senate panel, outgoing Boeing CEO David Calhoun addressed safety concerns within the company and expressed apologies to victims' families involved in recent incidents. Gabelli Funds Portfolio Manager Tony Bancroft emphasizes that Boeing is focused on enhancing manufacturing quality, making it a top choice for investors in the long term. Bancroft highlights the importance of rebuilding the company's culture, improving QA practices, and increasing 737 production rates. Despite challenges, the company remains a significant holding in the Gabelli Commercial Aerospace and Defense ETF.
Source: YAHOO