Boeing CEO On CNBC Says Across Our Defense And Commercial Business Roughly Have Half A Trillion Dollars Of Backlog; Says Boeing Has A Lot Of Issues, We Need To Stabilize Co
Portfolio Pulse from Benzinga Newsdesk
Boeing's CEO discussed on CNBC that the company has a backlog of approximately half a trillion dollars across its defense and commercial sectors. However, he acknowledged that Boeing faces several issues and needs to stabilize the company.
October 23, 2024 | 1:15 pm
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Boeing's CEO highlighted a significant backlog of $500 billion, indicating strong future revenue potential. However, the acknowledgment of existing issues and the need for stabilization may concern investors about current operational challenges.
The $500 billion backlog suggests strong future revenue, which is positive. However, the CEO's admission of issues and the need for stabilization could offset this optimism, leading to a neutral short-term impact as investors await further developments.
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