Browsing Tag
Kelly Ortberg
5 posts
Boeing exits air taxi race, hands Wisk, Insitu and SkyGrid to Archer Aviation
Archer Aviation gains Insitu's $200M defence business and Wisk autonomy overnight, but Boeing's near 20% stake and HSR review will shape any lasting payoff.
Boeing lifts Q2 revenue to $24.6bn, backlog hits record $715bn despite core loss
Boeing lifted Q2 deliveries 14% and posted a record $715B backlog, but a wider core loss and $280M Air Force One charge keep the turnaround thesis conditional.
Boeing initiates massive layoff wave, cutting 17,000 jobs as financial woes deepen
Boeing has initiated a sweeping round of layoffs, notifying 17,000 employees of their termination—a drastic 10% reduction in…
Shocking leadership shakeup at Boeing as top executive leaves amidst crisis
In a stunning development, Boeing’s head of Defence, Space & Security, Ted Colbert, has left the company, marking…
Strike drives Boeing stock to new lows; Hiring freeze and pay delays announced
Boeing has hit turbulence, with its stock plunging to a 52-week low of $156.66 as the company battles…