01:44 PM EDT, 04/30/2024 (MT Newswires) -- (Updates with details throughout)

Proxy adviser Glass Lewis recommended shareholders vote against three current directors on the board of Boeing ( BA ) , including departing Chief Executive Dave Calhoun, Reuters reported Tuesday.

The firm recommended that shareholders reject the nominees to signal to Boeing ( BA ) they were dissatisfied with the company's safety culture.

Boeing ( BA ) has come under scrutiny following a string of plane incidents that began with the mid-air blowout of a 737 Max jetliner's fuselage in January.

The head of the Federal Aviation Administration previously described the January incident as a production failure and said the company emphasized mass production over safety standards.

Boeing ( BA ) did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 169.88, Change: -3.61, Percent Change: -2.08