CEO Kelly Ortberg has managed to stabilize Boeing after its worst crisis in decades and increase 737 MAX production but defense and space challenges and profitability issues remain.
The former Rockwell Collins CEO Kelly Ortberg took over the company after fatal MAX crashes and a mid-air panel blowout and reputational damage left the organization severely damaged. He dedicated his efforts to quality and safety improvement and defect reduction while actively walking the factory floor.
The company’s stock price has increased by 39% throughout the past year because of significant contracts and better 737 production and the settlement of U.S. crash-related charges. The company faces challenges in single-aisle sales competition with Airbus while dealing with substantial debt and needs to obtain certifications for new models and integrate Spirit AeroSystems.
The upcoming challenge for him will be to maintain production growth while determining the appropriate time to introduce a new aircraft program.
