Aerospace Group:

Business/Financial

With Eyes On Performance And Profits, Boeing Streamlines Defense Business

By Cal Biesecker

Thursday, November 17th, 2022

SHARE:

With Eyes On Performance And Profits, Boeing Streamlines Defense Business

Ted Colbert, president and CEO of Boeing Defense, Space & Security. Photo: Boeing

Boeing [BA] on Thursday announced a consolidation and streamlining of its $26 billion defense unit, which has struggled with a slew of performance issues the past few years that have bled into the bottom line. The changes were made by Ted Colbert, president and CEO of Boeing Defense, Space & Security (BDS), who was appointed to the position effective April 1 after leading Boeing’s Global Services segment. “I am confident this reorganization will drive greater and more simplified integration and…

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]

Congress

Senate Budget Dems Push For Defense Reconciliation Spending Details, Cite ‘Slush Fund’ Concerns

Democrats on the Senate Budget Committee have raised “significant concern” with the Pentagon’s move to classify reconciliation spending plans, urging the department to provide more public details on how the […]