financetom
Business
financetom
/
Business
/
Boeing not worried about Trump tariff threats, CEO says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Boeing not worried about Trump tariff threats, CEO says
Jan 28, 2025 7:07 AM

Jan 28 - Boeing ( BA ) CEO Kelly Ortberg said on Tuesday he is

"not too worried" about the Trump administration's threats to

impose tariffs on trade partners, including countries that are

important parts of Boeing's ( BA ) far-flung supply chain.

"This administration's very focused on jobs, on U.S. jobs,

and, as you know, Boeing ( BA ) production is all U.S.-based., and we

export these aircraft throughout the world," he said in an

interview.

Boeing ( BA ) is working with the administration to speed up

delivery of two replacement presidential aircraft, better known

as Air Force One, Ortberg said.

The U.S. planemaker has already lost more than $2 billion on

the fixed-price program and the planes are not expected to be

delivered until later this decade, several years behind

schedule.

"Clearly, the president would like the airplane earlier, and

so we're working to see what could be done to accomplish that,"

Ortberg told Reuters.

Ortberg said he is focused on stabilizing the company around

its strengths. He said he is looking at non-core segments to

sell, likely from Boeing's ( BA ) defense, space and services

divisions. Boeing's ( BA ) commercial airplanes business is already

streamlined, he said.

For now, that business is focused on stabilizing and ramping

up production of its existing airplanes. He told CNBC on Tuesday

that he expects Boeing ( BA ) to reach a production rate of 38

airplanes a month on the 737 MAX program, and by the second half

of the year, get approval from the Federal Aviation

Administration to increase production above that rate.

After that, he said, Boeing ( BA ) will increase 737 production by

five aircraft every six months.

Ortberg also said he expects to raise 787 production from

five per month now to seven a month in the first quarter of

2025.

(Additional reporting by David Shepardson; Editing by Rod

Nickel)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Copyright 2023-2026 - www.financetom.com All Rights Reserved