Boeing Chairman and Former Vanguard CEO Buy $1.51 Million in Stock

Boeing ($BA) Chairman Steven Mollenkopf and director Mortimer “Tim” Buckley purchased approximately $1.51 million in company stock on October 30, according to filings submitted November 3. The purchases followed Boeing’s quarterly earnings report and FAA certification of its 737-10.

• Buckley, Vanguard’s former chairman and CEO, bought 5,820 shares at $171.55 each for $998,421, increasing his direct holdings to 10,250 shares.
• Mollenkopf, Qualcomm’s former CEO, purchased 2,950 shares at a weighted average $173.026 for approximately $510,427, bringing his direct holdings to 6,717 shares.
• Buckley previously purchased 2,230 shares at $224.20 in March. Director Bradley Tilden also bought shares in May.
• Boeing reported third-quarter revenue of $24.2 billion, up 4% year-over-year, and a $116 million net loss. Free cash flow totaled $464 million.
• The 737-7 received FAA certification during the third quarter, followed by the 737-10 in October. Boeing’s 777-9 remains in certification flight testing, with first delivery targeted for 2027.

Relevant Companies

• Boeing ($BA): Two board members increased their direct ownership following earnings.

Editor’s Note: This is a developing story. This article may be updated as more details become available.