
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…