Boeing's stock dropped 30.3% in H1 2024 due to manufacturing, program, and quality issues, resulting in low aircraft deliveries.
Boeing's stock dropped 30.3% in H1 2024 due to issues like underperforming segments (Boeing Commercial Airplanes & BDS), high-profile program difficulties, manufacturing quality issues, and a door blowout incident. This led to delivering only 137 Boeing 737 airplanes, far below the targeted 38-a-month rate. The company now expects a "use versus generation of cash flow" for the full year due to these challenges.
July 15, 2024
3 Articles