Boeing taps Kelly Ortberg, former Rockwell Collins head, as new CEO
Ortberg, who retired from Rockwell Collins in 2021, will take over a Boeing that is besieged by losses on the defense side and public condemnation on the commercial side.
First flight of new Air Force One jet slips to 2026, Air Force says
Boeing is currently revising the schedule for the presidential jetliner once again, which is expected to be updated later this summer, according to an Air Force spokesperson.
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Boeing takes $222 million loss on KC-46 tanker, T-7 trainer programs
Despite the charges, Boeing's plan to get its defense unit back to high single-digit margins by the 2026 timeframe “remains intact," Chief Financial Officer Brian West said.
Boeing CEO Calhoun exiting at end of year
Dave Calhoun had been under fire for some time, in large part due to public failures on the commercial side of the company.
Air Force One replacement tops $2B in charges as Boeing logs new losses
“These are disappointing results in the quarter and year to date. This performance is below our expectations and we acknowledge that we aren't as far along in this recovery as we expected to be at this stage,” said Chief Financial Officer Brian West.
Boeing defense unit logs over $500M in losses for Q2, though KC-46 deliveries resume
The aerospace giant’s defense and space division recorded new charges for NASA’s Starliner shuttle, the Air Force’s T-7A training jet and the Navy’s MQ-25 Stingray drone.
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Boeing defense racks up $2.8B in costs this quarter, with losses from KC-46 and new Air Force One
“We’re not embarrassed by [the cost overruns]; they are what they are. And we intend to deliver against these contracts and satisfy our customers,” said Boeing CEO Dave Calhoun.
Boeing defense programs hit with $400M in cost overruns
Despite this quarter’s losses, Boeing CEO Dave Calhoun said he was “more bullish” on the prospect of international sales now than he had been when he first became CEO in 2020, specifically for the KC-46 tanker and MQ-25.