The fallout for Boeing has been considerable. CEO Dave Calhoun was forced out of his job. The stock price has dropped 29% since the start of the year, while the S&P 500 is up 17%.
Boeing's problems go beyond June's results. So far this year, it has only received 26 net plane orders.
Boeing is troubled mainly because 'its employees defrauding the FAA during the original certification process for the 737 Max,' according to CNN. Other changes may be pending.
Where does Boeing go from here? It has very few good options. Appropriately, the airline industry has turned against it, which opens doors for rival Airbus to do multi-year, multi-billion deals.
[
Collection
]
[
|
...
]