Boeing exploring sale of space business: report
The Peninsula
New York, Oct 25, 2024 (AFP) Boeing is exploring a possible sale of its space business as its new CEO seeks to improve the embattled company s financ...
New York, Oct 25, 2024 (AFP) -Boeing is exploring a possible sale of its space business as its new CEO seeks to improve the embattled company's financial position, the Wall Street Journal reported on Friday.
The company is weighing a divestiture of its NASA business, including the problem-plagued Starliner vehicle, the newspaper reported, citing people familiar with the matter.
Asked for a response, a Boeing spokesperson told AFP the company "doesn't comment on market rumors or speculation."
Chief Executive Kelly Ortberg, who joined Boeing in August, said earlier this week he was reviewing company operations with an eye towards narrowing Boeing's profile.
Boeing is better off "doing less and doing it better than doing more and not doing it well," Ortberg said on Wednesday during an earnings conference call with analysts.
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