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Business/Financial

Boeing Defense Chief Leaving, As Ortberg Aims ‘To Restore Trust’ of DoD Buyers

Frank Wolfe

Friday, September 20th, 2024

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Boeing Defense Chief Leaving, As Ortberg Aims ‘To Restore Trust’ of DoD Buyers

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Ted Colbert, the head of Boeing's [BA] Boeing Defense, Space & Security (BDS) segment for more than two years, is leaving the company amid significant profitability worries, competition from startup defense firms and hybrid powerhouses, and a paring back of the segment's overhead spending for items like work-related personnel travel. Colbert became president and CEO of BDS in March 2022, replacing Leanne Caret who retired after 28 years with Boeing. A Baltimore native, Colbert joined Boeing in 2009 and worked…

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