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The head of Boeing’s defense and space business is out as company tries to fix troubled contracts

  • Boeing replaced Theodore “Ted” Colbert III as president and CEO of its defense and space business due to ongoing issues with unprofitable contracts.
  • Steve Parker, the division’s chief operating officer, will serve as temporary head while a search for a permanent replacement is conducted.
  • Boeing’s defense and space division has lost $6 billion since early 2022, impacting contracts with the Pentagon and NASA, including issues with the Starliner capsule.
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ReutersReuters
+6 Reposted by 6 other sources
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Boeing’s space and defense chief exits in new CEO’s first executive move

·United Kingdom
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  • 67% of the sources are Center
67% Center
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FOX 13 Seattle broke the news in on Friday, September 20, 2024.
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