21:39:55 EDT Tue 15 Oct 2024
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Boeing CDR (CAD Hedged)
Symbol BA
Shares Issued 550,000
Close 2024-07-19 C$ 31.26
Market Cap C$ 17,193,000
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Globe/wire say Boeing exec upbeat in Farnborough

2024-07-22 09:33 ET - In the News

The Globe and Mail reports in its Monday edition that Boeing is seeing a significant improvement in production flow at its 737 Max factory, its new commercial planes chief said on Sunday, as the U.S. plane maker battles to overcome a safety crisis. A Reuters dispatch to The Globe says that speaking to reporters in London ahead of this week's Farnborough Airshow, Stephanie Pope said the changes Boeing was making to the Seattle-area factory were significant. "This isn't minor change. This is transformational change," she said in her first remarks to media since being appointed earlier this year. "We are a stable company." Boeing is mired in crisis after a cabin panel on a 737 Max 9 jets blew off in January, prompting a slowdown in production of its top-selling plane as well as heightened regulatory and legal scrutiny. Boeing has also agreed to plead guilty to a criminal fraud conspiracy charge over a probe related to two earlier fatal 737 Max crashes, the Justice Department has said in court filings. Ms. Pope declined to comment on a plea deal. The company is seeing a "significant improvement in the flow of our 737 factory," Ms. Pope said, while acknowledging that Boeing has disappointed airline customers.

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