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Business/Financial

With Eyes On Performance And Profits, Boeing Streamlines Defense Business

By Cal Biesecker

Thursday, November 17th, 2022

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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…

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