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Boeing’s Ted Colbert is set to lead the defense and space business

FILE PHOTO: The Boeing logo is displayed on a screen at the NYSE in New York
FILE PHOTO: The Boeing logo is displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid/File Photo

March 28, 2022

(Reuters) – Boeing Co on Monday appointed Ted Colbert to head its defense division, replacing longtime company chief Leanne Caret effective April 1.

The unit, which has the U.S. government as one of its largest customers, had revenues of $26.5 billion in 2021, overtaking its commercial aircraft business.

Colbert, who now heads Boeing Global Services, will become President and Chief Executive Officer of Boeing’s Defense, Space and Security Division.

Caret, who acquired Defense and Space in 2016, will serve as Executive Vice President and Senior Advisor to Boeing Chief Executive David Calhoun until her retirement later this year.

The segment provides military aircraft, network and space systems to customers around the world.

The company named Stephanie Pope as President and CEO of Boeing Global Services, succeeding Colbert.

(Reporting by Aishwarya Nair in Bengaluru; Editing by Shailesh Kuber)

https://www.oann.com/boeing-appoints-ted-colbert-as-ceo-of-defense-and-space-business/?utm_source=rss&utm_medium=rss&utm_campaign=boeing-appoints-ted-colbert-as-ceo-of-defense-and-space-business Boeing’s Ted Colbert is set to lead the defense and space business

DUSTIN JONES

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