Boeing officials vowed Wednesday to significantly increase airplane production and cash flow in the next few years as the company seeks to recover from two deadly crashes and years of mistakes in its airline and defense businesses. FOX13
officials vowed Wednesday to significantly increase airplane production and cash flow in the next few years as the company seeks to recover from two deadly crashes and years of mistakes in its airline and defense businesses.
Two Max crashes that killed 346 people, production flaws with a bigger plane, the 787, bad military contracts and other missteps have left Boeing chasing its European rival Airbus for supremacy in aircraft manufacturing."Do I think we’ve given up leadership in this industry? Not for one minute," declared CEO David Calhoun at an investor day meeting with analysts in Seattle.
Boeing last recorded $100 billion in revenue in 2018. The first of the Max crashes occurred in October of that year, followed more than a year later by the pandemic, and accompanied by cost overruns to build training jets, refueling tankers, a space vehicle and new Air Force One presidential jets for the government.
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