Boeing has appointed Chris Raymond as the new president and CEO of Boeing Global Services (BGS), the company’s aerospace services business that had $17.6 billion in revenue in 2022. Raymond will replace Stephanie Pope, who will become Boeing’s chief operating officer from Jan. 1, 2024. Raymond will report to Pope and remain on the company’s…
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Boeing’s CFO warns of reduced MAX deliveries, loss in Q3 due to manufacturing defect
Boeing’s Chief Financial Officer, Brian West, has disclosed that a manufacturing defect discovered last month in the Boeing 737 MAX is expected to have a significant impact on the company’s operations. This defect is likely to reduce the delivery rate of the MAX by approximately one-third, resulting in negative cash flow and a financial loss…