September 21, 2024

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...

Latest September 21, 2024

Qualcomm Eyes Potential Takeover of Struggling Intel Amid Industry Shifts

Key Points Qualcomm has expressed interest in a potential takeover of Intel, though the deal is uncertain. Intel is facing significant financial struggles. It reported $1.6 billion in quarterly losses and announced plans to cut 15,000 jobs. Intel's foundry business posted a $2.8 billion operating loss, and CEO Pat Gelsinger plans to spin it off into a separate unit. A Qualcomm-Intel deal could raise antitrust...

No Content Available

We are highly passionate and dedicated to delivering our readers the latest information and insights into technology innovation and trends. Our mission is to help understand industry professionals and enthusiasts about the complexities of technology and the latest advancements.

Follow Us

TECHNOLOGY ARTICLES

SERVICES

COMPANY

CONTACT US

FOLLOW US