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The Latest Breaking News from Dave Calhoun

Why Boeing's new CFO Jay Malave is 'critical' to a turnaround

Malave was most recently CFO of Lockheed Martin.

Fortune

Important Questions for Boeing's CEO at Tomorrow's Senate Commerce Committee Hearing

Boeing CEO Kelly Ortberg should explain whether Boeing continues to plan to plead guilty to conspiring to defraud the FAA, or whether it will attempt to shirk its responsibility for the deadliest corporate crime in U.S. history.

Reason

Skyrocketing CEO pay can lead to huge corporate culture problems and whistleblowing employees

“One person cannot make the company successful. It’s only through the employees, through the workforce that things get done."

Fortune

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read the most diverse news in one place.

Latest round of Boeing hearings prompts call for decisive action - Roll Call

Federal Aviation Administrator Mike Whitaker will make the rounds on Capitol Hill this week focusing on the agency’s oversight of Boeing Co.

Roll Call

As Boeing's workers strike, CEO Kelly Ortberg may need to pay up

Boeing announced cost-cutting measures Monday as rating agencies consider downgrading its debt to junk and the stock falters.

Fortune

Boeing's New CEO Prioritizes Safety And Quality Control

Boeing's new CEO, Kelly Ortberg, is driving operational changes and safety improvements to overcome past setbacks and enhance the company's future prospects.

Top News

Boeing Names New CEO As It Reports Hefty Loss

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.

International Business Times

Boeing Stock Climbs On CEO Appointment, Despite Earnings Miss

Boeing stock rose early Wednesday after the Dow Jones aerospace giant ended its CEO search. But the plane maker missed Q2 forecasts.

Investors Business Daily

Is this Boeing’s next CEO?

He's known as 'Mr. Fix-It.'

Fortune

‘They can’t move on’: families of Boeing crash victims demand justice

As Boeing’s safety crisis intensifies, relatives of victims of the 2018 and 2019 crashes are still fighting for accountability

The Guardian - US

Embattled Boeing agrees to buy longtime supplier Spirit AeroSystems for $4.7bn

The agreement comes as the Department of Justice is set to offer Boeing a plea deal in connection to two deadly crashes

The Independent UK

Boeing to be offered plea deal by Justice Department over deadly 737 Max crashes

Boeing has until July 7 to accept the deal. If the company rejects the terms, the DOJ can pursue prosecution

The Independent UK

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International Business Times

Boeing Acquires Spirit AeroSystems In $4.7 Billion All-Stock Deal

The comprehensive transaction, which includes Spirit's reported net debt, amounts to approximately $8.3 billion.

International Business Times

Boeing Says To Buy Subcontractor Spirit For $4.7 Billion

US aircraft manufacturer Boeing said Monday it had reached a "definitive deal" to buy its subcontractor Spirit, which has faced scrutiny over production quality control in recent months.

The Independent UK

Boeing announces purchase of Spirit AeroSystems for $4.7 billion in stock

Boeing has announced plans to aquire Spirit AeroSystems for $4.7 billion in an all-stock transaction for the manufacturing firm

The Independent UK

DoJ prosecutors recommend Boeing face criminal charges, reports say

The two sides are are said to currently be in discussions over a potential resolution

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news in one place.

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The Guardian - UK

Boeing should face criminal charges, say US prosecutors – reports

Department of Justice said aircraft maker violated settlement related to two fatal 737 Max crashes

International Business Times

Boeing May Avoid Criminal Charges Over Violations: Report

The US Justice Department is considering a deal with Boeing that would see the aerospace giant avoid criminal prosecution but may appoint a federal supervisor to oversee company progress on safety improvements, The New York Times reported Friday.

The Guardian - US

Families of Boeing crash victims demand prosecution for ‘deadliest corporate crime in US history’

Attorney for families says plane maker should be fined $25bn, but amount could be reduced if Boeing improved safety standards

Reason

The Possible Penalties for Boeing's Crime of Concealing 737 MAX Safety Issues

My letter to the Justice Department lays out the possibilities, including a possible fine of $24,780,000,000

International Business Times

Boeing CEO Recognizes 'Gravity' Of Safety Crisis But Sees 'Progress'

Boeing's CEO acknowledged to a US congressional panel Tuesday that the company's culture was imperfect, but insisted the aviation giant was making progress and committed to improving safety.

Fortune

Boeing CEO Dave Calhoun admits 'something went wrong' after a worker who flagged a safety issue got 40 manager calls in a two days

The outgoing CEO tried to persuade a Senate committee that Boeing was serious about safety in the wake of a series of in-flight incidents

International Business Times

Boeing CEO's Apology Falls Short Amid Senate Scrutiny

Calhoun expressed regret over the company's operational lapses and acknowledged their ongoing commitment to safety.

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