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    Boeing names new CEO, reports over $2.15B loss in Q2

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    By on Australia
    Boeing names new CEO, reports over .15B loss in Q2

    Boeing has named Robert “Kelly” Ortberg, a seasoned aerospace executive, as its new CEO amid ongoing legal and production challenges. Ortberg, a former CEO at Rockwell Collins, will succeed David Calhoun and take over on August 8.

    As Boeing reported a loss of over $1.4 billion in the second quarter, the company faces financial difficulties due to declining revenue and operational issues.

    The company’s commercial airplanes and defense unit both experienced losses, highlighting the broader challenges Boeing is currently navigating.

    A Boeing 737 MAX aircraft is shown on the assembly line at the Boeing facility in Renton, Wash.
    A Boeing 737 MAX aircraft in production. (Jennifer Buchanan/The Seattle Times via AP)

    Ortberg’s appointment comes as Boeing grapples with legal challenges, oversight by the FAA, and supply chain issues affecting production. The company is seeking to regain stability amidst these hurdles.

    Boeing shares rose by two per cent in premarket trading as Ortberg’s appointment signals a new phase for the embattled aerospace giant.

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