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The Latest Breaking News from Kelly Ortberg

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

As Boeing's workers strike, its new CEO is facing a formidable opponent with the upper hand

The machinists last struck in 2008, emptying Boeing’s Seattle-area plants for 58 days and costing the company a reported $100 million a day.

Fortune

Boeing Workers Reject Contract, Vote For Strike; 737 MAX Production In Limbo

Thirty thousand workers at Boeing go on strike for wages and benefits, endangering the company's ability to recover from $60 billion in debt and safety concerns.

International Business Times

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Boeing workers go on strike in fresh blow to troubled aircraft giant

Some 33,000 union members walk off the job at factories in Seattle and Portland after rejecting pay offer.

Al Jazeera

Boeing workers go on strike as White House calls for ‘good faith’ negotiations

US Pacific north-west region workers voted 96% in favor of the strike and walked off the job early on Friday

The Guardian - US

Boeing boss tells workers strike would ‘put recovery in jeopardy’

Kelly Ortberg in last-minute plea to assembly staff before vote on 25% pay offer during ‘difficult period’

The Guardian - UK

Boeing Faces Potential Strike As Seattle Workers Vote

Boeing faces a potentially crippling strike in the Seattle region, depending on how 33,000 workers vote Thursday on a new contract that has angered many employees despite solid wage gains.

International Business Times

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Boeing, Union Reach Preliminary Deal To Avert Seattle-area Strike

Boeing has agreed on a preliminary new contract with union leaders that includes a hefty wage hike that would avert a strike in the Seattle region, the two sides announced Sunday.

International Business Times

Boeing’s Starliner astronauts to return from space next year, NASA says

Bill Nelson says bringing astronauts Butch Wilmore and Suni Williams back to Earth on faulty Starliner is too risky.

Al Jazeera

New Boeing CEO Pledges To 'Reset' Relations With Machinists

Boeing's new boss said Friday he was looking to "reset" relations with a key union representing tens of thousands of its workers, amid negotiations for a new labor contract.

International Business Times

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 Stock Outlook: Is Wall Street Bullish or Bearish?

While Boeing has considerably lagged behind the broader market over the past year, Wall Street is cautiously bullish on the stock's prospects.

Barchart

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International Business Times

Buoyed By Past Success, New CEO Kelly Ortberg Will Try To Turn Boeing Around

Aviation experts and analysts have been full of praise for Kelly Ortberg, who returns from early retirement Thursday to take up the challenge of turning Boeing around after a series of quality and financial issues.

Fortune

Can new CEO Kelly Ortberg fix Boeing’s awful finances?

Boeing’s credibility issues taint how investors view its finances after two decades of leadership missteps, a BofA analyst says.

Fortune

Boeing waves its mandatory retirement age for new CEO Kelly Ortberg

Ortberg joins Disney’s Bob Iger, Target's Brian Cornell, and other CEOs in skirting company retirement rules to get the top job.

Fortune

Meet Boeing's new CEO Kelly Ortberg

New Boeing CEO Kelly Ortberg is "capable of fixing the management floor with his left hand and choosing the right new plane with his right hand," notes one analyst.

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The Independent UK

Boeing reports $1.4bn losses as embattled aerospace giant is rocked by safety scandals

Aerospace industry veteran Kelly Ortberg has been appointed as the new CEO to help buoy the embattled company back to profitability

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