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

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U.S. News,Science

Boeing is replacing the head of its defense and space business.

16 immigrants found in fake wall inside trailer in South TexasGuardians of the Children’s San Antonio chapter prepares for 18th annual ‘Victim to Victor’ fundraiser– Boeing on Friday replaced the head of its troubled defense and space business, which has struggled with money-losing government contracts and

The company said Theodore “Ted” Colbert III was removed immediately as president and CEO of Boeing Defense, Space & Security and replaced temporarily by the division's chief operating officer, Steve Parker. A search is underway for a permanent replacement.Colbert spent 15 years at Boeing, serving as chief information officer and leading its global-services business before running the defense unit.

Boeing is trying to dig out from unprofitable contracts with the Pentagon and NASA, including new Air Force One presidential planes and refueling tankers for the Air Force. 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.

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