Boeing Chief Engineer Sells Millions in Company Stock

On February 5 (local time), Howard E. McKenzie, Boeing’s Chief Engineer and Executive Vice President of Engineering, Test & Technology, sold approximately 10,000 shares of the company’s common stock in an open‐market transaction at an average price of $233.99 per share, netting about $2.46 million (roughly KRW 3.3 billion). After the sale, he continues to hold Boeing common shares directly and maintains indirect equity through Boeing stock funds in his 401(k) and Executive Supplemental Savings Plan.

On the same day, Boeing appeared before the U.S. Court of Appeals to argue whether to revive the criminal case filed by the families of 31 victims of the two 737 MAX crashes, underscoring the company’s ongoing legal and regulatory exposure related to past MAX incidents.

As one of the world’s largest aerospace and defense companies, Boeing remains under intense scrutiny by the U.S. Federal Aviation Administration (FAA) and the National Transportation Safety Board (NTSB) over safety and quality‐control issues stemming from the two fatal 737 MAX crashes and door-plug detachment incidents since 2023. The FAA has tightened its oversight, pausing any expansion of 737 MAX production until improvements in quality control are confirmed.