Boeing intends to reduce its overall workforce by 10 percent or some 16.000 employees as it is confronted by the new market reality after the Covid-19 crisis, CEO David Calhoun has written in a letter to employees. The Commercial Airplanes…
David Calhoun, Boeing’s new CEO, made headlines last week in an interview with the New York Times in which he essentially threw former CEO Dennis Muilenburg under the bus. A number of highly critical statements were made about the former…
The Seattle area has one of the largest breakouts of the novel coronavirus in the United States, and 10 people have died in Washington State, versus one in California. News this afternoon indicates that the virus might have hit the…
The Boeing Company released its 2019 results earlier this week, and the company’s financial health, driven by the MAX crisis, is now quite weak. This is, to a great degree, due to the stock buybacks over the last five…
The news today is that David Calhoun begins his tenure as Boeing’s CEO after being a long-time member of the Board of Directors, replacing Dennis Muilenburg. The challenges he will face are daunting, as the company remains in the midst…
The Boeing announcement that it is temporarily suspending production of the 737 MAX has resulted in uncertainty and confusion throughout the industry, as the lack of transparency that is the Boeing modus operandi has once again raised its ugly head. …