How Boeing's guilty plea could impact its business
ฝัง
- เผยแพร่เมื่อ 4 ต.ค. 2024
- Boeing (BA) has agreed to plead guilty to a criminal fraud charge surrounding two fatal 737 MAX crashes from 2018 and 2019. The case was brought back into the spotlight after US prosecutors said the company failed to comply with the 2021 settlement agreement over those crashes. Bloomberg Intelligence senior analyst George Ferguson joins Morning Brief to unpack the news and what it means for Boeing's future.
Ferguson believes Boeing's plea deal is positive for the company as they tackle mounting legal issues, explaining, "That's going to help them focus on the most important thing to do with the company, which is to build more airplanes, generate more cash flow, and generate profits. We're really looking for a strong rebound for the company in the back half of the year." He adds that, combined with Boeing's decision to repurchase Spirit Aerosystems (SPR), the company should be able to improve the quality and turnaround of its plane manufacturing.
However, he notes that it's not all good news for Boeing moving forward. Ferguson points to the company's "sullied" reputation following the deadly crashes and emergency incidents on its planes. In addition, the company's guilty plea could pose a roadblock in future government contracts.
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
Get the latest news and data at finance.yahoo.com
Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
Follow Yahoo Finance on social:
X: / yahoofinance
Instagram: www.instagram....
TikTok: www.tiktok.com...
Facebook: / yahoofinance
LinkedIn: / yahoo-finance
#boeing #737 #yahoofinance
Guilty plea should mean reduction in executive salaries to include potential clawbacks.
We would go to prison.
Boeing executives will be on their yachts and attending garden parties.😂
Eat your dinner or you get no pudding!
Yes no accountability for safety violations and disregard for the safety of the public
In America, "all corporations are created equal,” and of course a “government of the corporations, by the corporations, for the corporations.” Screw the people.
The stock price went up that tells you its a sweetheart deal
How does this coincide with my home page vid?
How about the most important thing for the company to do is build safe planes?
No more gov contracts for Boeing.
NGAD 👋
F/A-XX 👋
NGAS 👋
NGAL 👋
WGS satcom 👋
Very bullish on Lockheed, Northrop