Tag Archives: dennis muilenburg

As it tries to save itself from other disappointments, Boeing has fired its CEO Dennis Muilenburg. The decision was made necessary because of problems that stemmed from two separate incidents of fatal crashes of the Boeing 737 Max.The new Boeing CEO announcement caused BA stock to rise by 3% to $337.55 shortly after it was publicized. Regardless, prices are still down about 20% ever since the March 10 crash. The general consensus from much of Wall Street is that Boeing could have done a lot...

Boeing mulls pausing Boeing 737 max production as the possibilities for regulatory clearance for the grounded plane’s comeback will probably happen after January 2020.A decision is expected soon as Boeing’s directors are already reviewing the manufacturing plans for the 737 program, the company’s biggest source of cash.Usually, the board would set the company’s dividend for the coming year and decide on its share repurchases. However, the latter was suspended while Boeing deals with the...