Boeing Co (BA.N) CEO Kelly Ortberg earned approximately $9.4 million in total compensation for 2025, according to the company’s proxy statement released on Friday.

Boeing (BA) reported a stronger-than-expected third quarter on Wednesday, highlighting progress in CEO Kelly Ortberg’s turnaround of the aviation giant.

Boeing reported an annual loss of $11.83 billion on Tuesday, its largest since 2020, as it faced ongoing issues in both its commercial and defense units, as well as the repercussions of a crippling strike by U.S. West Coast factory workers.

Boeing plans to reduce its workforce by 10%, resulting in 17,000 job cuts, as the company addresses ongoing issues.

Boeing has temporarily suspended flight testing of its new 777X wide-body jet after discovering a failure in a part that connects the engine to the aircraft's body. This issue adds to a series of quality control challenges that have plagued the U.S. aerospace giant in recent years.