Boeing Defense Unit Chief Departs Amid Struggles, New CEO Signals Leadership Change
Key Points Ted Colbert, head of Boeing's space and defense unit, has left the company, marking the first leadership change under new CEO Kelly Ortberg. Boeing’s space division has faced setbacks, notably with NASA’s Starliner capsule, which has cost $1.6 billion in overruns since 2016. Boeing faces broader issues, including labor strikes, a criminal fraud charge, and quality concerns with the 737 MAX. Boeing’s defense and space unit has posted significant losses in recent years, and it faces challenges in delivering Air Force One retrofits. Boeing announced on Friday that Ted Colbert, the head of its troubled space and defense...