November 6, 2024 5:15 pm

The premier news source for Snohomish County

Boeing announces stock offerings of $22 billion to pay debt and raise capital

boeing strike

ARLINGTON—Less than a week after reporting $6.2 billion in third quarter losses and machinist union members rejecting its latest contract offer, Boeing announced on October 28, stock offerings to raise up to $22 billion to help ease its financial woes.  “Boeing intends to use the net proceeds from the Offerings for general corporate purposes, which […]

Boeing reports $6.2 billion loss for third quarter results

third quarter

ARLINGTON, Va.—At its third-quarter 2024 earnings briefing on October 23, Boeing President and CEO Kelly Ortberg shared the grim reality of the company’s financial challenges ahead and his four-point plan to “restore Boeing to the leadership position that we all know and want.” “It will take time to return Boeing to its former legacy, but with […]

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