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- Kelly Ortberg, the CEO of Boeing, said Elon Musk is a "brilliant guy."Boeing CEO Lauds Elon Musk's Assistance in Resolving Air Force One Delivery Delays
Kelly Ortberg Recognizes Musk's Brilliance and Problem-Solving Abilities
Kelly Ortberg, CEO of Boeing, has publicly acknowledged the valuable assistance provided by Elon Musk in addressing the ongoing delays in the company's Air Force One replacement aircraft program. Ortberg praised Musk's exceptional intellect and his ability to swiftly identify and address technical concerns.
Collaboration with DOGE Team to Enhance Delivery Efficiency
Ortberg further emphasized the partnership with Musk's government efficiency commission, known as DOGE, to improve the delivery timeline. She expressed her optimism and confidence in the positive impact of this collaboration.
Musk's Critical Assessment of Boeing's Previous Management
Musk has previously voiced his opinions on Boeing's operations, criticizing Ortberg's predecessor, Dave Calhoun. However, the CEO believes the company is on a more promising path under Ortberg's leadership.
Delayed Delivery and Financial Impact
Boeing was awarded a $3.9 billion contract in 2018 to deliver two replacement Air Force One planes by 2024. However, the delivery date has been postponed to at least 2027, resulting in substantial financial losses for Boeing.
Market Response and Boeing's Performance
Boeing's stock price experienced a decline of 2.83% at the close of Thursday's trading session. The company's shares have lost over 10% of their value in the past year, and the company reported a net loss of $3.86 billion in the fourth quarter of 2024, contributing to a total loss of nearly $12 billion for the year.
