Boeing stock is down 33% year-to-date in 2024. Members of Congress have sold Boeing shares in 2024 and will now hear from the CEO as safety struggles mount.
Boeing faces escalating turbulence amid CEO search challenges and Calhoun's Capitol Hill testimony, raising uncertainty about the company's leadership direction.
Allegations of mishandled faulty parts in Boeing's 737 Max jets have surfaced, leading to a Senate subcommittee investigation and possible new charges by the Justice Department, highlighting ongoing safety and manufacturing challenges at Boeing.
Boeing Co.'s CEO, David Calhoun, is set to appear before U.S. senators on Tuesday, where he will be questioned about the company's safety measures amid ongoing investigations.
The FAA is investigating Boeing and Airbus for the use of falsified titanium documents, crucial for aircraft integrity. This issue, identified after a vendor found corrosion holes in titanium parts, has led to significant scrutiny over material authenticity, impacting the aerospace industry's supply chain.