Boeing is entering another rebuilding year after a tumultuous twelve months marked by safety concerns, mounting losses, and leadership changes. The company faced heightened scrutiny following a midair fuselage incident on a 737 Max 9, attributed to missing bolts during assembly. The Federal Aviation Administration has increased oversight, capping production of Boeing’s best-selling 737 Max jets and demanding a cultural shift prioritizing safety over profits. New CEO Kelly Ortberg, appointed in August, is steering the turnaround by stabilizing production, cutting 10% of the workforce, and focusing on core businesses.
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00:00It's Benzinga bringing Wall Street to Main Street is entering another rebuilding year
00:04after a tumultuous 12 month marked by safety concerns, mounting losses and leadership
00:10changes. The company faced heightened scrutiny following a midair fuselage incident on a 737
00:16Max 9 attributed to missing bolts during assembly. The Federal Aviation Administration has increased
00:22oversight, capped production of Boeing's best selling 737 Max jets and demanding a cultural
00:28shift prioritizing safety over profits. New CEO Kelly Ortberg appointed in August is steering
00:34the turnaround by stabilizing production, cutting 10% of the workforce and focusing
00:39on core businesses. For all things money visit Benzinga.com slash GSTV.