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

Marty Batteen

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

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March 28 (Reuters) – Boeing Co (BA.N) stated on Monday the head of its big defense division, Leanne Caret, will retire immediately after nearly 35 a long time with the aviation organization.

Caret, who is 55 decades aged, will be succeeded by Ted Colbert successful April 1.

Caret oversaw growth of the effective MQ-25 drone method and the U.S. Air Force’s new training jet. She was also in charge of the KC-46 midair tanker, which has been plagued by quite a few troubles and value overruns.

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Boeing’s defense unit, which has the U.S. governing administration as a person of its most important prospects, created income of $26.5 billion in 2021, overtaking its professional plane small business.

Colbert, who now heads Boeing Global Expert services, will become president and main govt officer of Boeing’s Protection, Area & Safety company. The international expert services device handles jet upkeep, fix and overhaul, info analytics and pilot schooling.

Caret, who experienced taken above the defense and room role in 2016, will serve as government vice president and senior adviser to Boeing Chief Executive David Calhoun, right until her retirement later this 12 months.

The phase gives military plane and community and house programs to customers close to the globe.

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

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

Our Standards: The Thomson Reuters Believe in Concepts.

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