• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

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

by July 23, 2024
written by July 23, 2024

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 comment
0
FacebookTwitterPinterestEmail

previous post
Election Contest News: Harris to Replace Biden
next post
Biden returning to White House for first time since ending presidential bid, COVID diagnosis

related articles

Campbell’s fires executive accused of racist remarks and...

November 28, 2025

Bitcoin and other crypto assets sink in flight...

November 24, 2025

Stock market sinks as AI and interest rate...

November 24, 2025

Bargain hunters drive Walmart sales and outlook higher

November 21, 2025

U.S. added 119,000 jobs in September, but there...

November 21, 2025

What AI bubble? Nvidia’s strong earnings signal there’s...

November 21, 2025

Longtime Walmart CEO to step down in January

November 17, 2025

More than 1,000 Starbucks workers strike at 65...

November 15, 2025

October monthly job cuts surged to a 22-year...

November 7, 2025

Yum Brands begins strategic review for struggling Pizza...

November 5, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Cracker Barrel rebrand: Why companies retreat when faced with consumer criticism

    August 29, 2025
  • Tesla Stock Earnings: 3% Drop Amid Delivery Issues

    October 4, 2024
  • Senate GOP campaign chair ‘concerned’ over fundraising disparity but predicts who will win majority

    September 6, 2024
  • Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster

    October 24, 2025
  • NFL owners vote in favor of private equity investment

    August 28, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,907)
  • Investing (634)
  • Stock (957)

Latest Posts

  • Fox News projects Donald Trump defeats Kamala Harris to become 47th president of the United States

    November 6, 2024
  • Why Wall Street thinks Brian Niccol is the person to revive Starbucks — and end the Howard Schultz era

    August 14, 2024
  • Biden undermines Harris claim that Ron DeSantis is politicizing hurricane response: ‘Doing a great job’

    October 8, 2024

Recent Posts

  • Trump pushes to recover ‘billions of dollars’ of military equipment left behind in Afghanistan withdrawal

    February 26, 2025
  • RFK Jr. says Trump White House will get fluoride out of drinking water

    November 3, 2024
  • 5 reasons why Kamala Harris’ closing argument may give her a win

    October 30, 2024

Editor’s Pick

  • Greenland government calls Trump’s acquisition talks ‘unacceptable’

    March 16, 2025
  • Trump claims China will open markets to US businesses, ease trade barriers

    May 12, 2025
  • Trump picks former Florida Rep. Dr. Dave Weldon as director of CDC

    November 23, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock