June 10, 2023

Silicon Business

Business 500

Boeing’s defense head to retire, global services head to take over


The Boeing symbol is exhibited on a display screen, at the New York Stock Trade (NYSE) in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid/File Picture

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March 28 (Reuters) – Boeing Co (BA.N) said on Monday the head of its massive protection division, Leanne Caret, will retire immediately after just about 35 many years with the aviation corporation.

Caret, who is 55 many years aged, will be succeeded by Ted Colbert productive April 1.

Caret oversaw advancement of the prosperous MQ-25 drone software and the U.S. Air Force’s new schooling jet. She was also in demand of the KC-46 midair tanker, which has been plagued by several problems and value overruns.

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Boeing’s defense device, which has the U.S. government as one of its most significant clients, produced profits of $26.5 billion in 2021, overtaking its business airplane organization.

Colbert, who now heads Boeing Worldwide Companies, will develop into president and main executive officer of Boeing’s Protection, Area & Protection business. The world wide providers unit handles jet maintenance, repair and overhaul, details analytics and pilot instruction.

Caret, who experienced taken above the protection and space role in 2016, will serve as government vice president and senior adviser to Boeing Chief Executive David Calhoun, until her retirement later this calendar year.

The phase presents armed forces plane and community and room devices to clients around the globe.

The business named Stephanie Pope as president and CEO of Boeing International Services, succeeding Colbert.

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Reporting by Aishwarya Nair in Bengaluru Enhancing by Shailesh Kuber and Karishma Singh

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