Executive Appointment - Boeing announced Dana Deasy as the new Chief Information Digital Officer and Senior Vice President of Information Technology & Data Analytics, effective December 31, 2024 [1] - Deasy will oversee information technology, information security, and data analytics, reporting directly to Boeing President and CEO Kelly Ortberg [1] - Deasy replaces Susan Doniz, who left the company in late 2024 [3] Leadership Background - Dana Deasy brings over 40 years of technology and leadership experience across multiple industries, including roles as CIO at the U.S. Department of Defense, JPMorganChase, BP, and General Motors [2] - Deasy started his career in information management at Rockwell's Space Systems Division [2] Strategic Focus - Boeing emphasizes the importance of IT in addressing cybersecurity threats and leveraging emerging technologies like artificial intelligence to meet safety, quality, and customer reliability goals [2] - The company aims to position itself for future growth through technological innovation and leadership in sustainability [4] Company Overview - Boeing is a leading global aerospace company, developing, manufacturing, and servicing commercial airplanes, defense products, and space systems for customers in over 150 countries [4] - As a top U.S. exporter, Boeing collaborates with a global supplier base to advance economic opportunity, sustainability, and community impact [4] - The company is committed to innovation, sustainability, and a culture rooted in safety, quality, and integrity [4]

It's been a year since a cabin door plug blew out of an Alaska Airlines Boeing 737 MAX in midair, and Boeing making improvements. Still, the head of the Federal Aviation Administration asserted that more work is needed.  Despite an onslaught of protocols to improve oversight of Boeing operations, Mike Whitaker, who will step down later this month, said in a blog post that "this is not a one-year project." "What’s needed is a fundamental cultural shift at Boeing that’s oriented around safety and quality abov ...

Key TakeawaysBoeing is working to improve its safety practices, but FAA head Mike Whitaker said Thursday the plan is "not a one-year project."Whitaker, who is leaving the FAA later this month, said the agency is still meeting with Boeing weekly to assess the plane maker's progress.Separately Friday, Boeing outlined its safety plan and some of the steps it has taken over the last year. Approaching one year since the Alaska Airlines (ALK) incident that saw a door panel detach from a Boeing (BA) plane in midai ...

Boeing (BA -2.90%) stock rose by 13.9% in December, according to data provided by S&P Global Market Intelligence. The move put a little shine on a disappointing year for the company and comes down to some positive news for Boeing.Good news for BoeingThe key to Boeing's recovery is ramping up its 737 MAX narrowbody aircraft production. Boeing must also return its defense business to profitability and ensure the 777X stays on its revised track for its first delivery in 2026. However, the stock won't prosper u ...

Boeing shares were down Monday morning after South Korea announced it is launching an investigation into the nation's airline operations following the deadliest plane crash in the country's history, which involved a Boeing aircraft. Acting South Korean President Choi Sang-mok announced the probe Monday, and the country's transport ministry said a special inspection of all 101 Boeing 737-800 aircraft operated by South Korean airliners would begin that day, focusing on the maintenance record of key components ...

Stock Performance - Boeing's stock delivered an 11.24% price return, outperforming the S&P 500's 9.71% gain [1] Growth Prospects - Boeing has vast growth prospects in China's aviation market, estimated at $780B [1] Price Target - Technical analysis indicates a $200 price target for Boeing by 2024 [1] Analyst Background - Yiannis Zourmpanos, founder of Yiazou IQ, has a background in auditing and consulting at Deloitte and KPMG [3] - Yiazou IQ focuses on GARP/Value stocks, prioritizing high-quality, reasonably priced businesses with strong moats and growth potential [3] - The investment style emphasizes fundamentals, a margin of safety, and a long-term approach (5-7 years) for wealth accumulation [3]

Boeing's 737-800 Issues - Boeing's 737-800 aircraft are under scrutiny following two incidents involving Jeju Air flights in South Korea [1][5] - South Korea has grounded all 737-800s in the country for inspection, causing Boeing stock to drop 3.7% through 10 a.m. ET [2] - The incidents include a crash-landing of Jeju Air Flight 2216 at Muan International Airport, resulting in fatalities, and a second flight, 7C101, returning to Seoul due to a reported landing gear problem [5] Impact on Boeing - The 737-800 represents a small portion of Boeing's backlog, with only 12 out of 6,268 airplanes on order being 737-800s [4] - The incidents may raise concerns among Boeing's customers, potentially affecting future sales of any Boeing aircraft [7] Potential Causes - The issues with the 737-800 may be more related to Jeju Air's maintenance practices rather than the quality of Boeing's product, as both incidents involved Jeju Air [6] - In the case of Flight 2216, the plane aborted its first landing attempt, suffered a bird strike on the second attempt, and experienced a wheels-up landing, leading to a collision with a concrete wall and explosion [3] - Flight 7C101's landing gear problem resolved itself, but the plane returned to Seoul as a precaution [5]

Accident investigators are trying to figure out what caused a Jeju Air flight to belly land without its landing gear down at Muan International Airport in South Korea, killing all but two of the 181 people on board as it burst into flames in the nation's worst air disaster in decades.South Korea's acting President Choi Sang-mok ordered an emergency inspection of the country's Boeing 737-800s, the type of plane used on the the fatal Jeju Air Flight 7C2216.The Boeing 737-800 is one of the world's most commonl ...

Boeing's 737-800 is at the center of a deadly crash in South KoreaShares of embattled aerospace firm Boeing Co (NYSE:BAS) are 4.2% lower at $173.23 at last glance, a day after a fatal crash in South Korea involving the company's 737-800 aircraft. The passenger plane was operated by Jeju Air and killed 179 of 181 people on board. This marks another deadly mishap in a long saga of disasters for Boeing. With today and tomorrow left in 2024, BA is down 34% year to date, the worst-performing Dow stock of the yea ...

KEY TAKEAWAYSBoeing shares are falling in premarket trading Monday after a 737-800 operated by South Korea's Jeju Air crashed and killed 179 people, in the latest accident involving one of the U.S. company's planes. Shares of Jeju Air, a budget carrier set up in 2005, closed nearly 9% lower at an all-time low in Seoul trading Monday.Boeing, whose shares are down 30% this year, has been battling a series of aircraft quality problems as well as a cash drain following a nearly two-month strike by its union mac ...