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Analysis Featured News Stocks

Boeing has made ‘serious missteps in recent years’ — CEO testimony

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Boeing CEO Kelly Orberg will tell lawmakers on Wednesday the U.S. planemaker has made “serious missteps” after a January 2024 mid-air emergency involving a new 737 MAX.

“Boeing has made serious missteps in recent years – and it is unacceptable. In response, we have made sweeping changes to the people, processes, and overall structure of our company,” Ortberg will tell the Senate Commerce Committee, according to written testimony seen by Reuters. “No one is more committed to turning our company around than our team.”

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