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Core Commercial, Defense Businesses Will Remain But Portfolio Review Underway At Boeing, Ortberg Says

Core Commercial, Defense Businesses Will Remain But Portfolio Review Underway At Boeing, Ortberg Says
Boeing President and CEO Kelly Ortberg. Photo: Boeing

New Boeing [BA] Chief Kelly Ortberg has initiated a portfolio review to assess what adds to the company and what does not but said on Wednesday that the core commercial and defense systems will remain. There has been speculation since Ortberg took the helm of Boeing in early August that the company’s defense business, or large parts of it, could end up on the auction block given poor performance on some programs, particularly fixed-price development contracts where the costs are…

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