The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

Business

Boeing ‘disappointed’ customers but is on the path to ‘transformational change,’ CEO says

by admin July 24, 2024
July 24, 2024
Boeing ‘disappointed’ customers but is on the path to ‘transformational change,’ CEO says

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
FacebookTwitterGoogle +Pinterest
previous post
Judge tosses defamation suit against Fox News by head of dismantled disinformation board
next post
Kamala rides tsunami of positive press, but skeptics see a risky choice

Related Posts

Rivian secures up to $5 billion from Volkswagen;...

June 28, 2024

Mortgage rates are now at the highest level...

April 19, 2024

Pepsi and Delta say consumers are hunting for...

July 12, 2024

Here are some money moves to make before...

July 27, 2024

Immersive entertainment company Cosm lands rights to broadcast...

October 30, 2024

Google has eliminated 35% of managers overseeing small...

August 28, 2025

Waymo offers teen accounts for driverless rides

July 9, 2025

Key Fed inflation measure rose 2.8% in March...

April 29, 2024

Bitcoin approaches new all-time high after surpassing $65,000

March 5, 2024

A key to Biden’s lagging wind energy goal...

July 1, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • China outlines more controls on exports of rare earths and technology

      October 11, 2025
    • The Real Drivers of This Market: AI, Semis & Robotics

      October 11, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      October 11, 2025
    • White House turns to expanding Abraham Accords after Israel-Hamas ceasefire

      October 11, 2025
    • Georgia’s Mike Collins needles Ossoff in new ad over shutdown’s toll on airports, workers

      October 11, 2025
    • Bondi announces arrest of ‘coward’ who allegedly threatened conservative influencer following Kirk’s murder

      October 11, 2025

    Categories

    • Business (1,417)
    • Politics (4,710)
    • Stocks (1,701)
    • Uncategorized (45)
    • World News (1,410)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, 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 thetraderharbor.com | All Rights Reserved