Boeing on Thursday announced a consolidation and streamlining of its $26 billion defense unit, which has struggled with a slew of performance issues the
/PRNewswire/ Boeing [NYSE: BA] today announced a series of executive leadership changes and reorganizations aimed at accelerating operational discipline,.
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.