• 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

Markets plunge and U.S. oil hits $100 as...

March 30, 2026

Insider trading concerns around oil and military moves...

March 30, 2026

Senate agrees to fund DHS, except ICE and...

March 28, 2026

Judge blocks Trump administration from limiting Anthropic’s contracts...

March 28, 2026

FAA investigating close call involving United Airlines plane...

March 28, 2026

Nasdaq moves into correction territory as Iran war...

March 27, 2026

Jury finds Meta and YouTube negligent in landmark...

March 27, 2026

Savannah Guthrie returning to ‘TODAY’ in April

March 27, 2026

Stocks rally, oil prices fall amid talk of...

March 27, 2026

At least 40% of Russia’s oil export capacity...

March 27, 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

  • Dogecoin and Shiba Inu continue to descend to new lows

    August 1, 2024
  • US midday market brief: stocks sputter as Dow, S&P 500 and Nasdaq dip ahead of year-end

    January 1, 2026
  • Trump caps week with Ryder Cup appearance after UN speech, Zelenskyy meeting

    September 27, 2025
  • UK vehicle output hits lowest level since 1952 as industry pins hope on EV

    January 29, 2026
  • Trump backs off escalation, but Iran war goes on amid ‘productive’ talks

    March 26, 2026

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

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,412)
  • Investing (1,443)
  • Stock (1,000)

Latest Posts

  • Civil rights group declares ‘state of emergency,’ pointing at Trump admin

    July 17, 2025
  • Kash Patel’s confirmation as Trump FBI pick ‘will haunt you,’ Senate Dems warn GOP ahead of vote

    February 20, 2025
  • DOJ brass vowed full transparency on Epstein before turning up empty-handed

    July 13, 2025

Recent Posts

  • Trump’s MAGA imprint on GOP strong now, but will it last? Experts weigh in

    April 26, 2025
  • How Fanatics is teaching business acumen to pro athletes

    June 24, 2025
  • Dem senators rip GOP’s ‘Silence of the Lambs’ as Trump marks 100th day

    April 29, 2025

Editor’s Pick

  • Brazil stocks hover near record highs as commodities, banks drive gains

    March 10, 2026
  • Trump blasts Rep Al Green as ‘an embarrassment’ to Democrats, says he ‘should be forced to take an IQ test’

    March 6, 2025
  • Trump allies mount campaign to get DOGE codified by Congress

    March 15, 2025
  • 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