Boeing Names New CEO, Reports Large Q2 Loss
BABoeing(BA) Investopedia·2024-07-31 22:06

Key TakeawaysBoeing shares rose Wednesday as the hiring of a new chief executive offset worse-than-expected second-quarter results.Former Rockwell Collins CEO Kelly Ortberg will replace Dave Calhoun starting next week, Boeing said Wednesday.The troubled plane maker reported lower Q2 revenue and a larger loss than expected. Boeing (BA) shares rose Wednesday as the announcement of a new chief executive outweighed second quarter results that came in below expectations. The airplane maker said that its next CEO ...