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Keywords: Kelly Ortberg
Boeing posted a significant loss for 2024, reporting a $11.8 billion deficit after facing multiple setbacks throughout the year, including an extended labor strike, safety concerns with its commercial planes, and defense contract issues. The company incurred a $3.9 billion loss in the fourth quarter,......
In a decisive move, Boeing factory workers have opted to continue their strike, rejecting the company's latest contract offer that promised a 35% wage increase over four years. This decision, made by approximately 64% of the members of the International Association of Machinists and Aerospace Workers......
In a decisive move to steer Boeing out of its current crisis, CEO Kelly Ortberg has unveiled a strategic plan aimed at revitalizing the beleaguered aerospace. The company recently reported staggering quarterly losses of $6 billion, contributing to an annual deficit nearing $8 billion, largely due to......
