Kelly Ortberg

Boeing Co. (NYSE:BA) stock fell more than 4% in premarket trading Monday following news of a deadly 737-800 crash in South Korea. Plane Manufacturer Stock Slides The tragic incident, which resulted in 179 fatalities after a Jeju Air flight crash-landed, has thrown the spotlight back onto safety...

Boeing Co‘s (NYSE:BA) head of government affairs and chief lobbyist Ziad Ojakli is reportedly leaving the planemaker. What Happened: Ojakli will be replaced by executive Bill McSherrry on an interim basis, Reuters reported on Friday, citing a mail sent by Boeing CEO Kelly Ortberg to employees...

Boeing Co (NYSE:BA) is issuing layoff notices to 17,000 employees as part of a broader effort to rightsize its workforce. The cuts, totaling 10% of the company's global headcount, come as the plane maker battles financial turbulence, including a shaky stock performance and production slowdowns....

Boeing Co’s (NYSE:BA) striking machinists are set to vote on a new labor contract proposal on Monday that could end the more than seven-week-long strike. What To Know: Boeing’s latest contract proposal includes a 38% wage increase over four years, up from the 35% increase that was...

SpaceX CEO Elon Musk heaped praise on Boeing Co.’s (NYSE:BA) current CEO earlier this week after slamming its former CEO Dave Calhoun for the company’s many hardships throughout the year. What Happened: “The new Boeing CEO spends time in the factory and understands engineering,...

Boeing Co.'s (NYSE:BA) striking machinists overwhelmingly rejected the company's latest offer in a union member vote tallied late Wednesday. The proposed labor deal would have ended the work stoppage that has already cost Boeing an estimated $2 billion over the last five weeks.  The Details:...

Editor’s note: This story has been updated to state that Boeing reports earnings premarket Wednesday, not after the closing bell. Boeing Co. (NYSE:BA) and its striking machinists reached a preliminary agreement to resolve the five-week strike over the weekend. Union members will vote on the...

Boeing Company (NYSE:BA) added large-scale layoffs to its list of troubles in 2024 as the company faces an ongoing strike of its unionized factory workers, government investigations, executive churn and mounting financial losses.  Boeing To Cut 17,000 Jobs: The aerospace giant announced Friday...

Jim Cramer expressed his concerns regarding Boeing Co.’s (NYSE:BA) financial health after the plane maker announced plans to lay off 17,000 employees in the wake of ongoing safety issues and worker strikes. What Happened: Cramer, in CNBC‘s Lightning Round on Saturday, voiced his...

Boeing Co's (NYSE:BA) stock is flying low as the company battles a machinist strike that has forced tens of thousands of workers off the job. In a bid to cut costs, Boeing has furloughed thousands of U.S. employees, executives, and non-essential contractors. CEO Kelly Ortberg confirmed the...

Boeing Co. (NYSE:BA) has started temporary furloughs for thousands of employees as it grapples with the financial impact of a machinists union strike. What Happened: In a memo to employees, Boeing CEO Kelly Ortberg stated that the furloughs, affecting U.S.-based executives, managers, and employees...

Boeing Company (NYSE:BA) shares are trading lower Friday after 33,000 Boeing factory workers went on strike just after midnight.  The Details: Aircraft assembly workers walked off the job early Friday morning after rejecting a contract offer presented by Boeing and the International...

Ahead of a crucial vote, Boeing Co. (NYSE:BA) faces potential disruptions in its aircraft production as workers decide on a strike. What Happened: Boeing is awaiting the results of a crucial vote on Thursday by 33,000 aircraft assembly workers. The vote will determine whether they will strike and...

In pre-market trading, shares of Boeing Co. (NYSE:BA) saw a slight increase following the announcement of a preliminary agreement between the company and its workers’ union, potentially averting a strike that could have disrupted operations. Boeing’s shares were trading 2.94% higher in...

SpaceX CEO Elon Musk on Saturday expressed optimism for rival rocket maker Boeing Space (NYSE:BA) under its new CEO, hours after NASA announced that the astronauts who went to space aboard Boeing’s Starliner would return via a SpaceX vehicle. What Happened: “The new Boeing CEO is...