Boeing Space & Defense Chief Ted Colbert Is Leaving: Reports

Company Shakeup

The head of Boeing Space & Defense, Ted Colbert, is reportedly leaving the company. This news comes as Boeing is undergoing a major reorganization in an effort to improve its financial performance.

Colbert has been with Boeing for more than 30 years and has held a variety of leadership positions, including president and CEO of Boeing Defense, Space & Security.

Upcoming Succession

It is unclear who will replace Colbert as head of Boeing Space & Defense. However, the company is expected to announce a successor soon.

The departure of Colbert is the latest in a series of high-level departures from Boeing. In recent months, the company has also lost its CEO, CFO, and chief engineer.

Financial Struggles

Boeing has been struggling financially in recent years. The company has been hit hard by the COVID-19 pandemic, which has led to a sharp decline in air travel.

In addition, Boeing has been facing a number of other challenges, including the grounding of its 737 MAX aircraft and the development of its new 777X aircraft.

The company is hoping that the reorganization will help it to improve its financial performance and return to profitability.

Conclusion

The departure of Ted Colbert is a significant development for Boeing. Colbert has been a key figure in the company's space and defense business for many years.

It is unclear what impact Colbert's departure will have on Boeing. However, the company is likely to face a number of challenges in the coming years, including the ongoing COVID-19 pandemic and the development of its new 777X aircraft.