Boeing still needs a culture change to put safety above profits, according to the head of the FAA [Los Angeles Times (CA)]
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Source: Los Angeles Times
Mike Whitaker, chief of the Federal Aviation Administration, said in an online post Friday that his agency also has more work to do in its oversight of Boeing. Whitaker, who plans to step down in two weeks to let President-elect Donald Trump pick his own FAA administrator, looked back on his decision last January to ground all 737 Max jets with similar panels called door plugs. Later, the FAA put more inspectors in Boeing factories, limited production of new 737s, and required Boeing to come up with a plan to fix manufacturing problems. “Boeing is working to make progress executing its comprehensive plan in the areas of safety, quality improvement and effective employee engagement and training,” Whitaker said. “But this is not a one-year project. What's needed is a fundamental cultural shift at Boeing that's oriented around safety and quality above profits. That will require sustained effort and commitment from Boeing, and unwavering scrutiny on our part.” Boeing on Friday issu
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News
- What’s In Store For Boeing Stock In 2025? [Forbes]Forbes
- Boeing may have to wait for Trump before it can resolve major legal problem [Yahoo! Finance Canada]Yahoo! Finance Canada
- From massages to fine-dining meals: Five reasons this airline is all about luxury [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- The Boeing Company (NYSE: BA) was upgraded by analysts at Barclays PLC from an "equal weight" rating to an "overweight" rating. They now have a $210.00 price target on the stock, up previously from $190.00.MarketBeat
- Barclays upgrades Boeing, sees a recovery for the airplane maker after a tough 2024 [CNBC]CNBC
BA
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- 10/23/24 - Miss
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Sec Filings
- 1/3/25 - Form 3
- 1/3/25 - Form 4
- 1/2/25 - Form 3
- BA's page on the SEC website