Boeing is replacing the head of its defense and space business. That the unit that has been saddled with money-losing government contracts and embarrassing failures by its Starliner space capsule. Boeing said Friday that Ted Colbert was removed immediately as president and CEO of Boeing Defense, Space & Security.
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The company said Theodore “Ted” Colbert III was removed immediately as president and CEO of Boeing Defense, Space & Security and replaced temporarily by the division’s chief operating officer, Steve Parker. A search is underway for a permanent replacement. Colbert spent 15 years at Boeing, serving as chief information officer and leading its global-services business before running the defense unit.last month, said in a memo announcing Colbert’s departure, “At this critical juncture, our priority is to restore the trust of our customers and meet the high standards they expect of us to enable their critical missions around the world. Working together we can and will improve our performance and ensure we deliver on our commitments.
Boeing is trying to dig out from unprofitable contracts with the Pentagon and NASA, including new Air Force One presidential planes and refueling tankers for the Air Force.Tech billionaire returns to Earth after first private spacewalk Since the start of 2022, the defense and space division has lost $6 billion, slightly more than Boeing’s airplane business.for two astronauts to fly home in the capsule, so they will stay in space until February and ride back to Earth on a SpaceX capsule.
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