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Boeing Supplier Plunges as Wall Street Pans Unnerving CEO Pick

Boeing Supplier Plunges as Wall Street Pans Unnerving CEO Pick
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Boeing Crisis: Time for India to step into aircraft manufacturing as demand soars

Boeing crisis: Boeing may turn to outsider CEO to tackle spiraling crisis

Facing mounting pressure from airlines, regulators and investors, Boeing on Monday announced a broader than expected shakeup with Calhoun, 66, stepping down by year-end on the heels of the company s commercial planemaking chief and its chairman.

Boeing crisis: How production pressures plunged Boeing into yet another crisis

Boeing s recent safety crisis, stemming from a 737 MAX incident, has raised questions about the company s quality controls. The pressure to increase production, coupled with an exodus of experienced workers, led to manufacturing defects. Boeing s quality division saw controls weaken in recent years as experienced inspectors left during the pandemic, and the company struggled to maintain the production recovery schedule.

Boeing crisis: Amid 737 turbulence, Boeing has a brand new headache & its not going away easy

Boeing is facing potential labor unrest as its largest union, the International Association of Machinists and Aerospace Workers, seeks a 40% pay raise over three or four years. The union, still aggrieved over a 2014 deal, has the upper hand due to a resurgent US labor movement and a scarcity of qualified aerospace workers. A strike could disrupt Boeing s plants in Washington and Oregon, impacting production of its 737 jets. Analysts suggest the current environment favors the union s demands, potentially risking a prolonged work stoppage and affecting Boeing s financial outlook.

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