News Formal

Boeing Defense Head Ted Colbert Exits Amidst Company Turmoil

  • 📰 6abc
  • ⏱ Reading Time:
  • 36 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 63%

Business News

Boeing,Ted Colbert,Resignation

Ted Colbert, president and chief executive officer of Boeing Defense, Space & Security (BDS), is stepping down from the aerospace giant following a series of high-profile failures involving its aircraft and spacecraft. CEO Kelly Ortberg cited the need to 'restore trust' with customers as a priority for the company.

Ted Colbert, the president and chief executive officer of Boeing Defense, Space & Security , will be leaving the beleaguered company, Boeing announced Friday.

"I want to thank Ted for his 15 years of service at The Boeing Company, supporting our customers, our people and our communities," he said in the letter.The company has endured tremendous financial pressures and extra scrutiny following a series of failures involving its aircraft and supply. Boeing Starliner, a spacecraft that was being developed for NASA Commercial Crew Program, was hit with several delays and rising costs before its first crewed launch to the International Space Station in June.Barry "Butch" Wilmore and Sunita "Suni" Williams earlier this month after tests showed there was too much risk with regard to the vehicle's thrusters for re-entry.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 250. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Boeing Defense Chief Ted Colbert Departs Amidst Company StrugglesTed Colbert, president and CEO of Boeing Defense, Space & Security (BDS), is stepping down from his position at the aerospace giant. This move comes amidst ongoing challenges for Boeing, including financial pressures and scrutiny following a series of aircraft failures and supply chain issues.
Source: abc13houston - 🏆 255. / 63 Read more »

Head of Boeing Defense, Space and Security leaving companyTed Colbert, the president and CEO of Boeing Defense, Space & Security, will be leaving the beleaguered company, Boeing announced Friday.
Source: ABC7NY - 🏆 592. / 51 Read more »

The head of Boeing's defense and space business is out as company tries to fix troubled contractsBoeing is replacing the head of its defense and space business. That the unit that has been saddled with money-losing government contracts and embarrassing failures by its Starliner space capsule. Boeing said Friday that Ted Colbert was removed immediately as president and CEO of Boeing Defense, Space & Security.
Source: AP - 🏆 728. / 51 Read more »