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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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The House Armed Services Committee’s (HASC) fiscal 2027 defense authorization bill would allow the Air Force to buy more than 267 F-15EX fighters by Boeing [BA] and would extend the […]

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The final version of the House Armed Services Committee’s (HASC) fiscal year 2027 defense authorization bill included two amendments pushed by Rep. Jared Golden (D-Maine) that restrict procuring Navy warships […]

Congress

Replacement Munitions May Not Be One-for-One; May Include New Weapons Chemistries, Wittman Says

As the Pentagon looks to refill inventories of weapons used in Iran and elsewhere, replacements may not be one for one but instead mark a new portfolio mix, according to […]

Congress

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