Boeing names new CEO as it reports hefty loss
The Peninsula
New York: Boeing named former Rockwell Collins chief Robert Kelly Ortberg its next CEO Wednesday, as the aviation giant reported a hefty loss on con...
New York: Boeing named former Rockwell Collins chief Robert "Kelly" Ortberg its next CEO Wednesday, as the aviation giant reported a hefty loss on continued operational problems.
Ortberg, 64, helped lead Rockwell Collins and integrate it into United Technology prior to his retirement from RTX in 2021.
His appointment, which will take effect August 8, comes as Boeing attempts to rebound from a series of safety and quality control problems that have sharpened scrutiny on the company.
Those difficulties were immediately visible in Boeing's second-quarter results released Wednesday, a loss of $1.4 billion, compared with a loss of $149 million in the year-ago period.
Revenues fell 14.6 percent to $16.9 billion.