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

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Boeing,Space Business,Boeing CEO

ARLINGTON, Va. (AP) — Boeing on Friday replaced the head of its troubled defense and space business, which has struggled with money-losing government...

ARLINGTON, Va. — Boeing on Friday replaced the head of its troubled defense and space business, which has struggled with money-losing government contracts and

Colbert spent 15 years at Boeing, serving as chief information officer and leading its global-services business before running the defense unit.last month, said in a memo announcing Colbert's departure, “At this critical juncture, our priority is to restore the trust of our customers and meet the high standards they expect of us to enable their critical missions around the world. Working together we can and will improve our performance and ensure we deliver on our commitments.

Since the start of 2022, the defense and space division has lost $6 billion, slightly more than Boeing’s airplane business.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.Hedge fund manager Steven Eisman, known for a big winning bet against the U.S.

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