• 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
McDonald’s to extend $5 value meal in most U.S. markets as diners return to chain
next post
Biden returning to White House for first time since ending presidential bid, COVID diagnosis

related articles

Retail operator of outdoor sportswear pioneer Eddie Bauer...

February 12, 2026

Landmark trial accusing social media companies of addicting...

February 11, 2026

Trump administration alleges Nike discriminated against white workers

February 5, 2026

The architect of Amazon’s supply chain on running...

February 5, 2026

Elon Musk’s SpaceX acquires xAI

February 3, 2026

Amazon slashes another 16,000 jobs

January 30, 2026

Trump sues JPMorgan Chase and CEO Jamie Dimon...

January 27, 2026

Valentino, founder of Italian luxury empire, dies at...

January 20, 2026

Saks files for bankruptcy as luxury market struggles

January 15, 2026

Warner Bros. Discovery rejects Paramount’s amended takeover offer

January 10, 2026
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

  • Schumer, Dems call ‘bull—-‘ on Trump administration over food stamp shutdown threat

    October 29, 2025
  • Pentagon transfers out 3 Guantanamo Bay detainees

    December 18, 2024
  • Russian-American ballerina Ksenia Karelina released in prisoner swap with Moscow

    April 10, 2025
  • Trump’s ‘big, beautiful’ tax agenda scores major victory in House despite GOP rebellion threats

    April 10, 2025
  • SEN LINDSEY GRAHAM: Comey’s FBI investigated me and 8 colleagues in anti-Trump crusade

    October 22, 2025

Popular Posts

  • 1

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

    April 2, 2025
  • 2

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

    July 21, 2024
  • 3

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

    July 19, 2024
  • 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 (7,899)
  • Investing (1,019)
  • Stock (974)

Latest Posts

  • Greene calls for yanking FDA approval of COVID-19 vaccines: ‘Causing permanent harm and deaths’

    March 21, 2025
  • Supreme Court sets date to hear FTC Slaughter case in test of Trump’s firing powers

    October 17, 2025
  • TSA expected to end shoes-off policy at many airports across US

    July 8, 2025

Recent Posts

  • Can Harris use Biden’s campaign funds? And is she eligible to appear on general election ballot?

    July 23, 2024
  • USDCAD and USDCNH: USDCNH falls under pressure at 7.27723

    July 11, 2024
  • ‘One more’: Senate Republicans eye tackling another reconciliation bill

    July 14, 2025

Editor’s Pick

  • Trump is ‘getting ready’ for debate by ramping up campaign schedule

    September 3, 2024
  • Head of watchdog agency throws in towel after contesting Trump firing

    March 6, 2025
  • DAVID MARCUS: Harris and Walz’s bizarre skit exposes double standard on race

    August 17, 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