Boeing Announces New CEO, Posts $1.4 Billion Quarterly Loss

Published on July 31, 2024

Boeing on Wednesday reported a quarterly loss of more than $1 billion while naming aerospace industry veteran Robert “Kelly” Ortberg as its new CEO and president, at a time the plane making giant faces headwinds from a combination of legal, regulatory, and production issues. Ortberg, a former CEO at Boeing supplier Rockwell Collins, will take over from current Boeing CEO and president David Calhoun on Aug. 8, the company said in a July 31 statement. “There is much work to be done, and I’m looking forward to getting started,” Ortberg said in a statement, adding that he’s “honored and humbled” to have been elected by Boeing’s board of directors to the company’s top job....

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RCMP Charge Toronto Father, Son in Alleged ISIS Terrorism Plot

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