Boeing Ousts Defense and Space Chief Amid Starliner Troubles

New CEO Kelly Ortberg makes his first major executive change by removing Ted Colbert following cost overruns and Starliner setbacks.

Ted Colbert, head of Boeing's Defense, Space & Security division, has been replaced by COO Steve Parker on an interim basis.
The shake-up follows significant cost overruns and delays in key contracts, including the KC-46 aerial tanker and Air Force One replacements.
NASA deemed it too risky to use Boeing's Starliner capsule to bring two astronauts back from the International Space Station, extending their stay until February.
Boeing's defense and space division has reported billions in losses over the past two years, exacerbating the company's financial struggles.
CEO Kelly Ortberg, who took over in August, emphasized the need to restore customer trust and improve performance across Boeing's divisions.