Boeing’s CEO Kelly Ortberg has set a goal to complete the development of the 737 MAX variants by the end of this year. This comes after the company faced significant delays and setbacks with the aircraft, including two fatal crashes that resulted in a global grounding of the planes. Ortberg is confident that the company is on track to meet this target, despite the challenges they have faced.
The development of the 737 MAX variants has been a top priority for Boeing, as the company looks to regain trust and confidence in their aircraft. Ortberg believes that the completion of these variants will demonstrate Boeing’s commitment to safety and their ability to deliver high-quality products. This may also help boost the company’s stock, which has taken a hit due to the 737 MAX issues.
For retail investors, this news from Boeing could present a potential opportunity. As the company works to finish the 737 MAX variants, there is a chance for increased demand and sales for these aircraft. This could result in a positive impact on the company’s financials, potentially leading to a rise in stock price. However, it is important to note that there are still risks and uncertainties surrounding the completion of the variants, so it’s important for investors to do their own research and carefully consider their options.
In conclusion, Boeing’s CEO is determined to finish the development of the 737 MAX variants by the end of the year. This could have a positive impact on the company’s image and potentially lead to a rise in stock price. However, there are still challenges and risks to consider. As a retail investor, it’s important to stay informed and make informed decisions when it comes to investing in Boeing.