Squawk on the Street: A Fascinating Chat between CNBC’s Phil LeBeau and Boeing CEO, Kelly Ortberg
Join us as we delve into an engaging conversation between CNBC’s aviation expert, Phil LeBeau, and the charismatic CEO of Boeing, Kelly Ortberg. This chat, which took place on the popular business news program, ‘Squawk on the Street,’ covered a myriad of intriguing topics, ranging from Boeing’s quarterly earnings results to their 2025 outlook and collaborating with the new Trump administration.
Quarterly Earnings Results
Phil began by asking Kelly about Boeing’s most recent quarterly earnings report. With a confident smile, Kelly shared that the company had reported impressive numbers, with revenue growing by 4% and earnings per share reaching an all-time high. He attributed these results to the continued success of their commercial airplanes business and the growth of their defense, space, and services segment.
2025 Outlook
Next, Phil asked Kelly about Boeing’s 2025 outlook. Kelly shared that they were focused on staying at the forefront of innovation, with a commitment to investing in research and development. He mentioned their ongoing work on the 777X, a new, more fuel-efficient long-haul airplane, and the CST-100 Starliner, a spacecraft designed for commercial space travel. Kelly expressed optimism about the future, stating, “We’re excited about the opportunities that lie ahead, and we’re confident that we’ll continue to deliver value for our customers and shareholders.”
Production Delivery Timeline
Phil then inquired about the production delivery timeline for Boeing’s various aircraft models. Kelly acknowledged that there had been some delays but reassured viewers that they were making progress. He mentioned that the 737 MAX, which had faced significant challenges following two fatal crashes, was on track for certification later in the year. He also shared that they were making good progress on the 787 Dreamliner and the 777X.
Collaborating with the New Trump Administration
The conversation then turned to Boeing’s relationship with the new Trump administration. Kelly expressed his appreciation for the administration’s focus on infrastructure and defense spending. He mentioned that they were working closely with the administration to ensure that Boeing remained a key player in these areas. He also highlighted their partnership on the Air Force One program, stating, “We’re proud to be working with the administration to deliver a new Air Force One that will be the best and most advanced aircraft in the world.”
State of the Company’s Space & Defense Business
Phil asked Kelly about the current state of Boeing’s space and defense business. Kelly responded by sharing their successes in this area, including their work on the International Space Station and their partnership with NASA on the Artemis program, which aims to return humans to the Moon by 2024. He also discussed their defense business, highlighting their work on the F-15EX fighter jet and their collaboration with the U.S. Navy on the MQ-25 Stingray drone.
Effect on You and the World
Now, let’s consider the potential impact of these developments on you and the world. As a consumer, you may benefit from Boeing’s continued innovation in the aviation industry, leading to more fuel-efficient and advanced aircraft. As a taxpayer, you may see the positive effects of increased infrastructure and defense spending. And as a citizen of this planet, you may be inspired by the progress being made in the field of space exploration.
Conclusion
In conclusion, CNBC’s Phil LeBeau’s chat with Boeing CEO, Kelly Ortberg, provided valuable insights into the company’s latest earnings, future plans, and collaborations. With a focus on innovation, investment, and partnerships, Boeing is poised to continue delivering value to its customers and shareholders. As we move forward, it will be fascinating to see how these developments unfold and what impact they will have on our daily lives and the world at large.
- Boeing reports impressive quarterly earnings
- CEO Kelly Ortberg discusses 2025 outlook and ongoing projects
- Production delays addressed, Air Force One partnership mentioned
- Impact on consumers, taxpayers, and citizens explored
