Boeing is making leadership changes in its defense division as Ted Colbert exits as CEO of Boeing Defense, Space & Security. The announcement, reported in a staff memo from new CEO Kelly Ortberg, comes at a pivotal moment for the company, which is facing significant issues including production delays and a troubled Starliner program.
Ortberg emphasized the need to restore customer trust and meet the high standards expected in the industry, stating, “At this critical juncture, our priority is to restore the trust of our customers.” Steve Parker, currently the chief operating officer of the division, will serve as acting CEO until a permanent replacement is appointed.
This leadership transition follows the recent uncrewed return of Boeing’s Starliner capsule, which concluded a challenging test flight to the International Space Station. The Starliner had launched on June 5 with NASA astronauts Butch Wilmore and Suni Williams but encountered thruster issues, leading NASA to decide on an uncrewed return after prolonged evaluation.
I’m a finance writer with three years of experience in investment analysis. At Investorwelcome , I translate complex financial concepts into clear, actionable insights to help investors navigate the market with confidence. Combining my solid academic background with practical industry knowledge, I’m dedicated to providing readers with accurate and timely information. My goal is to empower both new and seasoned investors by simplifying intricate data and offering strategic advice. When I’m not writing, I stay engaged with market trends and investment innovations to ensure my content remains relevant and valuable.
