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Ortberg’s First Year at Boeing Boosts Shares Even as Output and Certification Bottlenecks Persist

Ortberg’s next test is winning FAA sign-off for higher 737 Max production to meet rising delivery targets.

Kelly Ortberg became Boeing CEO on August 8, 2024.
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Overview

  • Under Ortberg, Boeing’s stock has climbed roughly one-third since August 2024, driven by resumed 737 Max output and improved factory efficiency.
  • Production of the 737 Max has rebounded since December after a seven-week Seattle strike, but remains capped at 38 jets per month under FAA limits.
  • The 777-9 program has been delayed to 2026, and the smaller Max 7 and larger Max 10 variants are still awaiting certification.
  • Boeing posted a $643 million loss in the first half of 2025 and saw a new strike by 3,200 union workers at its fighter-jet plant this week.
  • Ortberg’s four-point turnaround plan has focused on culture change, operational discipline and quality, and he plans to formally request incremental increases in Max output soon.