Boeing CEO Dave Calhoun resigns amid financial struggles; new CEO Kelly Ortberg takes over.

Boeing's CEO Dave Calhoun resigns amid significant earnings drop, missing revenue expectations by over $300m, and a 32% decrease in commercial plane deliveries. The company has a cash burn of $4.3bn in a single quarter, and has not been profitable since 2018. New CEO Robert K. "Kelly" Ortberg takes over, facing issues such as quality control, fixed-price defense deals, and potential space business problems.

August 11, 2024
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