Boeing’s new CEO, Kelly Ortberg, made his first major executive move since taking over the position in August. The troubled airplane maker announced that Ted Colbert, its chief of defense, space, and security unit, will leave his position with an immediate effect.
Colbert has been...
Shares in Boeing Co. fell by 4% on Wednesday after the company recorded a $2.8 billion charge in its defense business. The U.S. plane manufacturer is experiencing rising costs as a result of the inflationary pressures that have been affecting fixed-price contracts for U.S....
Airplane maker Boeing narrowly managed to avoid a strike in its three defense facilities in the St. Louis area. The International Association of Machinists and Aerospace Workers (IAM), which represents Boeing's 2,500 defense workers, decided to cancel a strike that was planned on Monday...
