Boeing's issues are a 'long-running PR disaster': Analyst
Boeing's (BA) outgoing CEO Dave Calhoun prepares to testify before a Senate panel on Tuesday, addressing the aerospace giant's safety culture. OAG Senior Analyst John Grant joins Catalysts to dissect the latest developments for the company.
Grant's says "it's not [going to] look good" for Calhoun on Capitol Hill today. He anticipates that whistleblowers will come to the forefront, and this battle is far from over for the airline manufacturer, dubbing it "a long-running PR disaster." Grant emphasizes that for the airline to recover, "a lot of it is just about being open and being honest," cultivating a culture where employees and customers can simply trust them.
Turning to the matter of Calhoun's successor, Grant suggests Boeing is "looking for someone who has been engrained and is well-respected within the industry. Someone with an engineering background with a high degree of competency in the avionics and the production sector."
Watch Yahoo Finance's latest coverage on what to expect from Calhoun's testimony and the Department of Justice's (DOJ) investigation into Boeing.
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This post was written by Angel Smith.