Key Points
(Bloomberg) -- As Boeing Co. lurches from one crisis to the next, theres been one constant for the embattled planemaker: Its predicament appears to be only getting worse...
From a freak accident that blew a door-size hole into the fuselage of an airborne 737 Max to revelations of sloppy workmanship and now a crippling strike entering its second month the icon of US manufacturing hasnt been able to catch a break since the first days of January..
Cash is dwindling, plane production is anemic and the stock is heading for its worst annual performance since the financial crisis in 2008...
The unceremonious departure of Ted Colbert as head of the defense and space business put those subsidiarys shortcomings into sharp relief made more glaring still on Friday when Boeing said the unit would have about $2 billion in charges in the third quarter...
The strike is cascading through Boeings supply chain, heightening the risk that the recovery in the planemakers own factories will be slow and halting even once workers are back on the job..
