:

Business/Financial

Parker Tapped To Lead Boeing’s Defense Business

By Cal Biesecker

Tuesday, July 1st, 2025

SHARE:

Parker Tapped To Lead Boeing’s Defense Business

Steve Parker, president and CEO of Boeing Defense, Space & Security. Photo: Boeing.

Steve Parker, a long-time Boeing [BA] veteran who has led the company’s defense segment in an acting capacity since last September, has been named president and CEO of the business effective immediately, the company said on Tuesday. Boeing President and CEO Kelly Ortberg said Parker has “stabilized” operations of the Defense, Space & Security (BDS) segment, “improved program execution and strengthened relationships with our customers” in his nine months as interim chief. Parker, 53, had been the chief operating officer…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]