Boeing defense chief Ted Colbert pushed out
New Boeing CEO Kelly Ortberg announced Friday evening that Colbert was exiting the company, effective immediately.
Fixed-price contracts to drive new losses for Boeing’s defense arm in second quarter: Exec
“We had a good start to the year, but this quarter you’ll see to be significantly challenged. It'll look like it looked the third quarter of last year,” Boeing's defense CEO Ted Colbert told reporters ahead of Farnborough Airshow.
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Inside Boeing’s plans to fix its troubled KC-46A tanker
Breaking Defense toured Boeing’s Seattle-area facilities where the KC-46A is built, and company officials explained fixes in the works for six critical issues, from new cameras to better seals on fuel lines.
Boeing defense chief bracing for potential Q2 losses
“We’re still assessing how the numbers are going to fall,” Ted Colbert, president and chief executive officer of Boeing’s Defense, Space & Security sector, said. “But the profile will look similar to the last quarter."
Under shadow of financial losses, Boeing makes sweeping changes to defense biz
The changes, including halving business divisions, come as Boeing’s defense sector finds itself at a crossroads, with new leadership contending with systemic financial issues tied to its large number of fixed-price contracts with the US government.
Boeing defense programs hit with $400M in cost overruns
Despite this quarter’s losses, Boeing CEO Dave Calhoun said he was “more bullish” on the prospect of international sales now than he had been when he first became CEO in 2020, specifically for the KC-46 tanker and MQ-25.
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New Air Force One will officially deliver 2-3 years late
So far, Boeing has lost $1.1 billion dollars on its original $3.9 billion fixed-price development contract for the VC-25B.
New Boeing Defense CEO signals ‘different approach’ in future fixed-price contracts
“We have learned a ton of lessons, especially around contracting," said Boeing Defense CEO Ted Cobert. “We’re working together to make sure that anything we do going forward will heighten the probability of getting things done in a timely manner.”