Boeing is exploring asset sales to boost its fragile finance By shedding its non-core or poorly performing units, the Wall Street Journal reported on Sunday.
The plane maker last week struck a deal to spin off a small defense unit that makes surveillance equipment for the U.S. military, the newspaper reported, citing people familiar with the deal.
Boeing has been moving from crisis to crisis since January 5 this year. When a door panel flew off A 737 MAX jet in mid-air.
Since then, its CEO has left, its production has slowed. Regulators investigate its safety cultureAnd in September, 33,000 union workers went on strike,
In recent financial-performance meetings, new CEO Kelly Ortberg asked the heads of the company’s units to tell the company the value of those units, the Journal reported.
The report said Boeing’s board recently met to discuss next steps for the company, where directors questioned division heads and studied reports to examine the situation at each unit.
Boeing declined to comment on the report.
Machinery to attack aircraft manufacturer is ready vote on Wednesday over a new contract proposal that includes a 35% pay increase over four years.
The work stoppage has halted production of the plane maker’s best-selling 737 Max and its 767 and 777 widebodies, putting additional pressure on its already weak financial position.
earlier this month, Boeing announces it will cut 17,000 jobsOr 10% of its global workforce, and take $5 billion in fees.
