Key facts
- Kelly Ortberg became Boeing CEO in August 2024, tasked with rebuilding the company's reputation and operations.
- Ortberg has focused on reinstating an "engineering-first" culture and improving labor relations.
- Boeing secured over $24.3 billion in new capital to bolster its balance sheet.
- Ortberg resolved a 53-day machinists strike.
- Boeing won the Air Force's Sixth Generation fighter program, previously held by Lockheed Martin.
- The FAA cap on 737 MAX production has been increased, with plans for further output growth.
Boeing has faced significant challenges in recent years, including the 737 Max crashes, manufacturing quality issues, and financial losses in its defense division. The company's reputation and operational stability were severely impacted, leading to production freezes and a loss of confidence from regulators, customers, and the public. The appointment of Kelly Ortberg as CEO in August 2024 marked a critical juncture for the aerospace giant.