Boeing's Biggest Strategic Challenge Explained in 1 Chart
(NYSE: BA) first delivered the 737 MAX in 2017, and it's fair to say the narrow-body plane hasn't produced the financial performance that management had hoped to see.
Part of the problem is self-inflicted due to safety and quality issues on its commercial airplanes and poor execution in defense, and others are beyond Boeing's control (the COVID-19 lockdowns). However, weak earnings and cash flow from the 737 MAX are putting Boeing's major strategic mission at risk.
CEO Kelly Ortberg's mission couldn't be any clearer. On his first earnings call as CEO in October 2024, he outlined, "At the right time in the future, we need to develop a new airplane, but we have a lot of work to do before then." In all probability, he was talking about a new narrow-body airplane to replace the 737 MAX.
Source Fool.com
Boeing Co. Aktie
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