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Boeing Names New CEO as It Reports Hefty Loss

July 31, 2024
Current leader Dave Calhoun ascended to CEO in January 2020 unexpectedly following the ouster of predecessor Dennis Muilenburg amid fallout from the MAX crashes.

Boeing named former Rockwell Collins Chief Robert "Kelly" Ortberg its next CEO Wednesday as the aviation giant reported a hefty loss on continued operational problems.

Ortberg, 64, helped lead Rockwell Collins and integrate it into United Technology prior to his retirement from RTX in 2021.

His appointment, which will take effect Aug. 8, comes as Boeing attempts to rebound from a series of safety and quality control problems that have sharpened scrutiny on the company.

Those difficulties were immediately visible in Boeing's second-quarter results released Wednesday, a loss of $1.4 billion, compared with a loss of $149 million in the year-ago period.

Revenues fell 14.6% to $16.9 billion.

The quarterly results reflected a continued drag from Boeing's commercial division, where it has lowered production while upgrading safety and quality control practices under the close watch of regulators.

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Agence France-Presse

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