Can New CEO Kelly Ortberg Save Boeing (BA) Stock?

Boeing (NYSE:BA) named Kelly Ortberg its new CEO as it released second-quarter earnings.The aerospace giant lost $1.44 billion, $2.33 per share, on revenue of $16.87 billion during the quarter. Ortberg was with defense contractor RTX (NYSE:RTX), formerly Raytheon, before retiring in 2021. BA stock was up 1.4% overnight, opening this morning at about $188 per share. That’s a market capitalization of $115 billion on 2023 revenue of $78 billion.Kelly Ortberg’s TaskOrtberg spent 35 years in the defense business ...