Boeing (BA) CEO to step down as plane maker undergoes management reshuffle

BofA, Stifel analysts weigh in on Boeing (BA) leadership shakeup

March 25, 2024 10:42 AM EDT

Earlier in the day, Boeing (NYSE: BA) announced adjustments in its leadership structure, with the CEO Dave Calhoun set to depart his position at the end of the year.

Simultaneously, Stan Deal, President and CEO of Boeing Commercial Airplanes (BCA), is retiring and will be replaced by COO Stephanie Pope effective immediately. Furthermore, Board... More

Boeing (BA) gains as CEO Calhoun announces plans to step down

March 25, 2024 8:09 AM EDT

Boeing (NYSE: BA) shares gained 1.8% in pre-open trading Monday following news CEO Dave Calhoun will step down.

Calhoun will step down as CEO at the end of 2024Further, Board Chair Larry Kellner has informed the board that he does not intend... More

Boeing CEO Dave Calhoun to step down in shakeup amid safety crisis

March 25, 2024 8:04 AM EDT

By David Shepardson and Allison Lampert

(Reuters) - Boeing CEO Dave Calhoun will step down by year-end in a broad management shakeup brought on by the planemaker's sprawling safety crisis exacerbated by a January mid-air panel blowout on a 737 MAX plane.

In addition, board chair Larry Kellner and Stan Deal, head of the company's commercial planes business, are also leaving as Boeing's board tries to get control of the myriad issues that have shaken confidence in the iconic planemaker over several weeks.

The January incident was the most recent in a series of safety crises that... More

Boeing (BA) Commercial Airplanes CEO Stan Deal to Retire

March 25, 2024 8:03 AM EDT

Boeing (NYSE: BA) Commercial Airplanes CEO Stan Deal to Retire

... More

Boeing (BA) President and CEO Dave Calhoun to Step Down

March 25, 2024 8:01 AM EDT

Boeing [NYSE: BA] President and CEO Dave Calhoun today announced his decision to step down as CEO at the end of 2024, and he will continue to lead Boeing through the year to complete the critical work underway to stabilize and position the company for the future.

Board Chair Larry Kellner has informed the board that he does not intend to stand for re-election at the upcoming Annual Shareholder meeting. The board has elected Steve... More

Apple's Baidu Link, Nissan sales, STOXX 600 growth - what's moving markets

March 25, 2024 5:46 AM EDT

Investing.com -- Apple has been linked with Baidu over using the Chinese internet giants AI models in China, while Nissan (OTC: NSANY) launches a new three-year business plan. Goldman turns more positive on European equities, while Wall Street looks set to start the new week on a negative note.

1. Futures lower, on track for monthly gains

U.S. stock futures slipped lower Monday, starting a holiday-shortened week by handing back some of the previous weeks strong gains ahead of the... More

Boeing (BA) PT Lowered to $230 at TD Cowen, 'Q1 will be very weak'

March 25, 2024 5:36 AM EDT

(Updated - March 25, 2024 5:36 AM EDT)

TD Cowen analyst Cai von Rumohr lowered the price target on Boeing (NYSE: BA) to $230.00 (from $275.00) while maintaining a Outperform rating.

The analyst commented: "Q1 will be very weak, but $10B FCF target... More

Boeing (BA) 30-day option implied volatility flat

March 25, 2024 4:24 AM EDT

Boeing (NYSE: BA) 30-day option implied volatility is at 31; compared to its 52-week range of 22 to 37.

... More

Boeing's largest union seeks seat on planemaker's board, FT reports

March 25, 2024 1:14 AM EDT

(Reuters) -Boeing's largest labor union is seeking a board seat at the planemaker, the Financial Times reported on Monday.

The International Association of Machinists District 751, which represents 32,000 workers at factories in the U.S. state of Washington, began contract negotiations with Boeing this month and one of... More