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.
56 Articles
56 Articles
Boeing’s Head of Space and Defense Ted Colbert Exits Company
Kelly Ortberg, Boeing’s new president and CEO, said on Friday that Ted Colbert, the head of the corporation’s troubled space and defense unit, will leave the company effective immediately. The move marks the first major leadership change under Ortberg, who took over in August. “I want to thank Ted for his 15 years of service at The Boeing Company, supporting our customers, our people, and our communities,” Ortberg wrote in a memo to employees. S…


The executive in charge of the division that has 2 astronauts stuck in space is leaving Boeing
Ted Colbert, the head of Boeing's defense, space, and security division is leaving the company after 15 years, CEO Kelly Ortberg announced Friday in a staff memo.PATRICK T. FALLON/AFP via Getty ImagesTed Colbert, head of Boeing's defense, space, and security division, is leaving the company, per CNBC.Boeing CEO Kelly Ortberg announced Colbert's departure in a staff memo on Friday, CNBC reported.His departure comes amid production problems, budge…
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