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Robert "Kelly" Ortberg

Robert "Kelly" Ortberg

President and Chief Executive Officer, The Boeing Company

Appears in 2 stories

Notable Quotes

This is a pivotal moment in Boeing’s history and future success as we begin to integrate Spirit AeroSystems’ commercial and aftermarket operations and establish Spirit Defense.

Ortberg told investors the company sees a path to roughly $3 billion in free cash flow in 2026, describing the production system as "stabilizing."

Stories

Boeing reacquires Spirit AeroSystems to confront a decade of 737 MAX safety and quality crises

Money Moves

Leads Boeing’s post‑MAX turnaround and Spirit integration

On December 8, 2025, Boeing completed its $4.7 billion acquisition of Spirit AeroSystems, valuing the deal at about $8.3 billion including debt. The transaction reversed a 2005 spin‑off that created the world's largest independent aerostructures supplier.

Updated 6 days ago

Boeing charts path back to positive cash flow after seven-year slump

Money Moves

Leading operational turnaround; targets positive full-year free cash flow in 2026

Boeing has burned cash every year since 2018. On Wednesday it reported a first-quarter adjusted loss of 20 cents per share — four times smaller than the 83-cent loss Wall Street expected — on revenue of $22.22 billion, and CEO Kelly Ortberg told investors the company now sees a path to roughly $3 billion in free cash flow for the full year.

Updated Apr 22