Boeing CEO says company must fundamentally change as defense unit logs $2 billion charge

By Vanessa Montalbano / October 23, 2024 at 1:28 PM
Defense manufacturing giant Boeing is again hemorrhaging money, but CEO Kelly Ortberg says the company can pivot back to prior success via better discipline in its "tough contracts" and a focus on risk management in future ones. “We’ve got some tough contracts and there’s no magic bullet to that,” Ortberg told investors in a third-quarter earnings call today. “The discipline about what we can control on those contracts needs to get better.” Boeing warned investors earlier this month its Defense,...

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