Tag Archives: Dave Calhoun

Reuters reports: The U.S. Justice Department will criminally charge Boeing with fraud over two fatal crashes and ask the planemaker to plead guilty or face a trial, two people familiar with the matter said on Sunday. The Justice Department planned to formally offer a plea agreement to Boeing later in the day, which includes a financial penalty and imposition of …

Reuters reports: Relatives of the victims of two fatal Boeing 737 MAX crashes asked the Justice Department on Wednesday to seek a fine against the planemaker of up to $24.78 billion and move forward with a criminal prosecution. “Because Boeing’s crime is the deadliest corporate crime in U.S. history, a maximum fine of more than $24 billion is legally justified …

CNBC reports: Boeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant. Chairman of the board Larry Kellner is also resigning and will leave the board at Boeing’s annual meeting in May. He has been replaced as chair by Steve Mollenkopf, who has been a Boeing …

Bloomberg News reports: Boeing Co. Chief Executive Officer Dave Calhoun fought back tears as he said the planemaker must own up to its shortcomings as it grapples with a safety incident that has renewed questions over the quality of its manufacturing. “We’re going to approach this — No. 1 — acknowledging our mistake,” Calhoun told Boeing employees Tuesday during a …

Defense One reports: Boeing should have rejected then-President Donald Trump’s proposed terms to build two new Air Force One aircraft, the company’s CEO said Wednesday. Dave Calhoun spoke Wednesday on the company’s quarterly earnings call, just hours after Boeing disclosed that it has lost $660 million transforming two 747 airliners into flying White Houses. “Air Force One I’m just going …