Boeing Defense Chief Ted Colbert Exits Beleaguered 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.

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