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Boeing CEO vows safety first

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Fox Business |
Ortberg addressed questions from the committee about the negative consequences those delays could have on national security and for commercial operations.
Reuters |
An accepted plea deal would brand Boeing a convicted felon for conspiring to defraud the Federal Aviation Administration about problematic software affecting the flight control systems in the planes ...
Reuters |
The prior head of the FAA said it could take years to change Boeing's culture.

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Boeing CEO says company won't ramp up production yet, vows to 'get it right'
Boeing CEO Kelly Ortberg said on Wednesday that the company will not rush to ramp up production, even though it is still behind on aircraft deliveries.
Boeing CEO defends company's safety reform to Senate committee
Boeing CEO Kelly Ortberg was in the hot seat on Capitol Hill Wednesday. Members of the Senate Commerce Committee questioned him about the company's recent manufacturing and safety issues. CBS News senior transportation correspondent Kris Van Cleave has more.
Boeing CEO grilled by US lawmakers over production and safety concerns
U.S. lawmakers questioned Boeing's CEO on Wednesday, urging the company to improve its safety and production or it could risk losing government contracts.
Boeing working with DOJ on revised plea deal in 737 MAX fraud case, CEO says
Boeing is in discussions with the U.S. Department of Justice to reach a revised plea agreement in a criminal fraud case stemming from the planemaker's alleged misrepresentations to regulators about a key system on the 737 MAX,
Boeing CEO Worries That Trade War Could Hurt Its Exports
Boeing CEO Kelly Ortberg said he is concerned that new U.S. tariffs could cause trade war escalations that jeopardize the jet maker’s exports. The aerospace giant exports about 80% of the commercial airplanes it builds.
Boeing Stock (NYSE:BA) Notches up as Kelly Ortberg Tackles Tough Questions
Naturally, Boeing has been on the hot seat for some time thanks to those recent “safety issues,” with questions going back all the way to January 2024. Thus, the Senate Commerce Committee came down hard on Boeing,
Boeing made 'serious missteps' but is changing culture, CEO will testify
Boeing CEO Kelly Ortberg will tell lawmakers on Wednesday the U.S. planemaker made "serious missteps" in recent years but has since made "sweeping changes" after a January 2024 mid-air emergency involving a new 737 MAX.
Boeing CEO says not pressuring staff to speed up output, Reuters says
CEO Kelly Ortberg said that the company is focused on improving safety and not pressuring staff to ramp up output after a 2024
Boeing CEO to Congress: Company made 'serious missteps,' change under way: Reuters
Boeing’s Chief Executive Kelly Ortberg is expected to acknowledge to U.S. lawmakers on Wednesday that the aerospace giant made significant errors in recent years but is now undergoing major internal reforms following a high-profile safety incident in early 2024,
Boeing Beats Lockheed Martin, and This F-47 Fighter Jet Contract Could Be Worth Hundreds of Billions
For more than a decade, the U.S. Pentagon has been mulling the idea of replacing its fifth-generation stealth fighter jets, and its F-22 Raptor in particular, with a new sixth generation of fighter jets designed for stealth,
Lockheed Stock Drops on Downgrade. Contract Lost to Boeing Isn’t the Only Problem.
RBC analyst Ken Herbert cut his Lockheed stock rating to Hold from Buy, while his price target went to $480 from $550 a share. The loss of the contract for the next-
See the competing F-47 stealth fighter jet concepts from Boeing, Lockheed, and more that led to the Air Force's NGAD
See the evolution of Boeing's design of the F-47, a sixth-generation stealth fighter jet, compared with competing NGAD concepts from Lockheed and others.
The National Interest on MSN2d
F-35 Troubles Knock Lockheed Martin Out of the Sixth-Gen Aircraft Competitions
Defense contracting giant Lockheed Martin was left in the dust by Boeing's exceptional sixth-generation aircraft: the F-47.
Lockheed Martin snags $5 billion US Army missile contract
Lockheed Martin announced it received a roughly $5 billion contract from the U.S. Army for providing Precision Strike Missiles (PrSM) that will replace the Army Tactical Missile.
Better Buy: Boeing vs. Lockheed Martin
Lockheed Martin has a completely different investment thesis than Boeing. The defense contractor is highly profitable and has paid a steadily growing dividend for 22 consecutive years. The valuation is compelling at less than 20 times trailing earnings and FCF.
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Boeing secures $20 billion contract for F-47 fighter jet under Trump administration
Shares of Boeing rose nearly 5% after the U.S. company beat out Lockheed Martin LMT.N for the deal. Lockheed's shares fell nearly 7%. Aviation industry: Boeing CFO raises concerns over Trump's tariffs and supplier constraints Reuters reported Boeing's ...
Lockheed Martin Clinches $4.94 Billion US Army Missile Contract
(Reuters) - Lockheed Martin on Monday said the U.S. Army had awarded it a contract worth up to $4.94 billion to produce Precision Strike Missiles (PrSM). Defense companies are seeing a surge in weaponry demand, driven by conflicts across the globe.
Pentagon’s pick of Boeing to build next-generation F-47 fighter jets in $50B deal stuns experts
The decision to select Boeing over Lockheed Martin startled Wall Street analysts and left Lockheed officials disappointed.
Trump's F-47 decision is upsetting Lockheed's dominance in the stealth fighter game
Lockheed has been a leader in stealth aircraft, playing a prominent role in both US fifth-gen fighters. It won't be building the first sixth-gen jet.
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