Boeing's endless doom spiral gives no respite to CEO John Ortberg

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Boeing's endless doom spiral gives no respite to CEO John Ortberg - Business Standard

Quick Summary:

Boeing's shares fell 2.5% as of 9:33 a.m.

An engineer by training, Ortberg spent most of his career at what is now known as Collins Aerospace, a well-regarded avionics equipment manufacturer that’s a key supplier to Boeing.

Besides the defense and space charges, Boeing will book additional costs for pushing back its 777X model once more, leaving its largest widebody aircraft with a delay of about six years.