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Boeing President and CEO Kelly Ortberg addressed employees today, outlining his vision for the company's future as they reported third-quarter 2024 results. Ortberg emphasized the need for unity in overcoming current challenges and shared his prepared remarks ahead of a financial results webcast.
Ortberg acknowledged the difficulties Boeing faces, stating, "The trust in our company has eroded. We’re saddled with too much debt. We’ve had serious lapses in our performance across the company which have disappointed many of our customers." However, he also highlighted potential opportunities: "Our company backlog is roughly half-a-trillion dollars. We have a customer base that want us and need us to succeed."
Ortberg's strategy focuses on four key areas: cultural change, business stabilization, improved execution discipline on new platforms, and building a new future for Boeing. He stressed the importance of cultural transformation at Boeing: "Culture is driven by values, and we’ll redefine those for the company together."
