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1 month ago | 
govconwire.com | Kelly Ortberg |Chris Raymond
Software investment firm Thoma Bravo has agreed to acquire portions of Boeing's digital aviation solutions business in an all-cash transaction valued at approximately $10.55 billion. Boeing said Tuesday the deal will help strengthen its capital structure and is expected to be finalized by the end of 2025, subject to regulatory approval and other customary closing conditions.
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2 months ago | 
leehamnews.com | Karl Sinclair |Scott Hamilton |David Calhoun |Kelly Ortberg
Subscription RequiredBy Karl SinclairMarch 17, 2025, © Leeham News: Boeing’s top executives on average earn 81 times more money than the average company employee, the 2024 Proxy Statement reveals. And in addition to the usual perks that top executives received, the exit packages for former corporate CEO David Calhoun and the CEO of Boeing Commercial Airplanes, Stan Deal, included unidentified retirement gifts. Deal, 61, received outplacement and unspecified transitional compensation.
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Feb 27, 2025 | 
leehamnews.com | Scott Hamilton |Kelly Ortberg
Subscription RequiredBy Scott HamiltonBoeing CEO Kelly Ortberg (left) and SPEEA president John Dimas. Credit: SPEEA. Feb. 27, 2025, © Leeham News: Boeing CEO Kelly Ortberg met with the company’s engineers and technicians union, SPEEA, on Feb. 7. The meeting was the first since Ortberg was named CEO and took office on Aug. 8. Neither SPEEA nor Boeing commented on the substance of the meeting.
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Feb 20, 2025 | 
leehamnews.com | Scott Hamilton |Kelly Ortberg
By Scott HamiltonFeb. 20, 2025, © Leeham News: Boeing hopes to certify its largest aircraft, the 777-9, late this year or early next year so that it can finally begin delivery of the 425-seat aircraft. Delivery was originally supposed to be in December 2019 or the following quarter. However, technical delays, including those with the giant 115,000 lb thrust engines from GE Aerospace and the negative halo effect from the 737 MAX crisis, resulted in this unusually long delay.
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Jan 30, 2025 | 
leehamnews.com | Scott Hamilton |Kelly Ortberg
Subscription RequiredBy Scott HamiltonJan. 30, 2025, © Leeham News: When Airbus began to record more orders than Boeing in the early 2000 decade, Boeing’s CEO dismissed the shift. Orders didn’t matter, sniffed Phil Condit. Only deliveries mattered. The statement ignored the obvious: if you didn’t have orders, you wouldn’t have deliveries. For much of the past two decades, Airbus has been delivering more airplanes than Boeing.
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Jan 28, 2025 | 
leehamnews.com | Karl Sinclair |Scott Hamilton |Kelly Ortberg
By Karl SinclairJan. 28, 2025, © Leeham News: Boeing’s CEO Kelly Ortberg, now five months into his job, painted an encouraging picture of the company’s path to recovery in an appearance on the financial news network CNBC before the 2024 full-year earnings call. Ortberg said there is a path for Boeing Commercial Airplanes to win approval from the Federal Aviation Administration (FAA) to return this year to a production rate of 38/mo for the 737 MAX. This is the rate before the Jan.
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Dec 10, 2024 | 
meetings-conventions.com | Kelly Ortberg
Boeing has laid off hundreds of additional employees in Washington state and California as part of planned cuts that eventually will reduce the company's workforce by about 17,000. Nearly 400 Boeing employees were laid off in Washington state and more than 500 in California, news outlets reported Monday.
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Nov 15, 2024 | 
kiro7.com | Bill Kaczaraba |Kelly Ortberg
SEATTLE, Wash. — This story was originally published on MyNorthwest.com. Boeing has issued layoff notices to 438 members of the Society of Professional Engineering Employees in Aerospace (SPEEA) this week as part of a broader effort to reduce its global workforce by 10%, according to KIRO Newsradio.
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Nov 15, 2024 | 
mynorthwest.com | Bill Kaczaraba |Kelly Ortberg
Boeing has issued layoff notices to 438 members of the Society of Professional Engineering Employees in Aerospace (SPEEA) this week as part of a broader effort to reduce its global workforce by 10%, according to KIRO Newsradio. The layoffs, which affect 218 members of the professional unit and 220 members of the technical workers unit, are part of a company-wide reduction that will see approximately 17,000 jobs cut across Boeing’s commercial, defense and global services divisions.
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Nov 5, 2024 | 
leehamnews.com | Karl Sinclair |Scott Hamilton |Kelly Ortberg
Subscription RequiredBy Karl SinclairNov. 5, 2024, © Leeham News: When Kelly Ortberg became CEO of The Boeing Co. on Aug. 8, the company was mired in a multitude of crises. The most immediate was the open labor contract with its largest union, the International Association of Machinists and Aerospace Workers District 751 (IAM 751). The contract would expire 34 days after Ortberg took over from David Calhoun. A strike was considered likely, and those thinking so were right.
