Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Business

Boeing ‘disappointed’ customers but is on the path to ‘transformational change,’ CEO says

by admin July 24, 2024
July 24, 2024
Boeing ‘disappointed’ customers but is on the path to ‘transformational change,’ CEO says

LONDON — Boeing’s output of 737 Max planes is showing signs of improvement, the new head of its commercial unit said ahead of a major air show on Sunday, while admitting that the manufacturer has “disappointed” customers with delayed planes.

Boeing is trying to get past several safety and manufacturing crises, including the midair door plug blow out in January, which have slowed deliveries of planes to airlines and prompted the Federal Aviation Administration to increase its oversight of the storied manufacturer.

Stephanie Pope, in her first news conference since taking over the key role at the troubled aircraft manufacturer in March, reiterated that Boeing has committed to increasing production of the Max to 38 a month. Production slipped into the mid-20s per month in the first half of the year, analysts have said.

Pope said Boeing is on the right path to improving its manufacturing quality, safety and predictability of deliveries, a “transformational change” that she said will take years.

“It still doesn’t take away the reality that we’ve disappointed” our customers, she said at a press conference before the Farnborough Airshow, outside of London. “We’ve impacted their business and we haven’t met the commitments and lived up to being the partner that they expect and they need us to be.”

Boeing has unveiled a host of goals aimed at getting it back on the right path, like improving worker training and manufacturing processes, among others. In the spring it delivered an improvement plan to the FAA that the agency ordered after the blowout in January.

“This plan is not a three month plan,” said Pope. “I call it transformational because some of these actions will take years.”

As part of the leadership shakeup that promoted Pope to head the commercial unit, Boeing’s CEO Dave Calhoun said he would step down by year’s end.

When asked whether she was interested in the role, Pope said she is focused on the commercial unit’s recovery.

“That is my priority,” she said.

Boeing’s problems aren’t limited to its commercial program, however. Its defense unit has also been grappling with delays, including of the money-losing and delayed modification of two Boeing 747s that will serve as the next two Air Force One aircraft.

The CEO of that unit, Ted Colbert, said Boeing continues “to fight through some of the challenges that really stemmed from challenges in the supply chain.”

Boeing reports quarterly results on July 31 and is set to report charges from that unit, Colbert said at the same news conference.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
McDonald’s to extend $5 value meal in most U.S. markets as diners return to chain
next post
Rights Entitlement Offers Underwritten to $1.6M

Related Posts

CFPB sues America’s largest banks for ‘allowing fraud...

December 21, 2024

The trucking industry hits the brakes with tariffs...

April 24, 2025

On air, ’60 Minutes’ reporter says ‘none of...

April 29, 2025

Jeff Bezos discloses plan to sell up to...

May 4, 2025

McDonald’s $5 value meal is coming in June...

May 17, 2024

Nvidia passes Apple in market cap as second-most...

June 7, 2024

Ulta and Target will end deal for in-store...

August 15, 2025

AT&T, other phone companies sued over stolen nude...

July 31, 2024

Presidential debate drew 51.3 million viewers, down from...

July 1, 2024

Dollar stores are struggling to win over bargain...

December 5, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Rubio defends US operation in Venezuela, calls out reporter for trying to start a fight

      February 16, 2026
    • Waltz calls UN a ‘cesspool for antisemitism’ as Trump administration pushes major reforms

      February 16, 2026
    • Trump announces $5 billion pledge in Gaza aid from Board of Peace members

      February 16, 2026
    • The one sentence in Rubio’s Munich speech that revealed Trump’s red line for Europe

      February 16, 2026
    • Doctors Without Borders reduces operations at Gaza hospital over security concerns

      February 16, 2026

    Categories

    • Business (1,156)
    • Investing (4,072)
    • Politics (4,992)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2026 sportinvestorsleague.com | All Rights Reserved