Skip to Content

Boeing names its next CEO while posting a quarterly loss of more than $1.4 billion

KIFI

AP Airlines Writer

Boeing has a new chief executive. The company says aerospace industry veteran Robert “Kelly” Ortberg will take over as CEO next week, replacing David Calhoun. Boeing announced Ortberg’s hiring on Wednesday as it reported a second-quarter loss of more than $1.4 billion. The company’s revenue was even lower than Wall Street’s dismal expectations. Ortberg is former CEO of aerospace manufacturer Rockwell Collins. He is coming to Boeing at a tumultuous time. The company is the subject of multiple investigations into its safety culture and manufacturing quality. Boeing agreed to plead guilty this month to a federal fraud charge in connection with its 737 Max jetliner and two crashes that killed 346 people.

Article Topic Follows: AP National

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content