The head of Boeing's defense and space business is out as company tries to fix troubled contracts

ARLINGTON, Va.-- Boeing on Friday replaced the head of its troubled defense and space business, which has struggled with money-losing government contracts and embarrassing setbacks involving its Starliner space capsule.Colbert spent 15 years at Boeing, serving as chief information officer and leading its global-services business before running the defense unit.Boeing is trying to dig out from unprofitable contracts with the Pentagon and NASA, including new Air Force One presidential planes and refueling tankers for the Air Force.Since the start of 2022, the defense and space division has lost $6 billion, slightly more than Boeing’s airplane business.The Starliner capsule that Boeing built for NASA suffered problems with thrusters on its first crewed mission to the international space station.

NASA decided this month it was too risky for two astronauts to fly home in the capsule, so they will stay in space until February and ride back to Earth on a SpaceX capsule.

Read More
Related Posts