Can New CEO Kelly Ortberg Save Boeing (BA) Stock?
BABoeing(BA) Investor Place·2024-07-31 21:32

Boeing (NYSE:BA) named Kelly Ortberg its new CEO as it released second-quarter earnings.The aerospace giant lost 1.44billion,1.44 billion, 2.33 per share, on revenue of 16.87billionduringthequarter.OrtbergwaswithdefensecontractorRTX(NYSE:RTX),formerlyRaytheon,beforeretiringin2021.BAstockwasup1.416.87 billion during the quarter. Ortberg was with defense contractor RTX (NYSE:RTX), formerly Raytheon, before retiring in 2021. BA stock was up 1.4% overnight, opening this morning at about 188 per share. That’s a market capitalization of 115billionon2023revenueof115 billion on 2023 revenue of 78 billion.Kelly Ortberg’s TaskOrtberg spent 35 years in the defense business ...