STOCK TITAN

Boeing Reorganizes Defense, Space & Security Business Unit

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

Boeing (BA) announced significant executive leadership changes to enhance operational discipline and performance within its Defense, Space & Security (BDS) unit. Effective immediately, BDS will consolidate from eight divisions to four: Vertical Lift, Mobility, Surveillance & Bombers, Air Dominance, and Space, Intelligence & Weapon Systems. This restructuring aims to improve integration and program quality. Additionally, Boeing Global Services will streamline its government services under one organization. Retirements of key leaders Tim Peters and Cindy Gruensfelder coincide with this transition.

Positive
  • Reorganization aims to improve operational discipline and program quality at BDS.
  • Consolidation of divisions expected to enhance integration and collaboration.
Negative
  • None.

ARLINGTON, Va., Nov. 17, 2022 /PRNewswire/ -- Boeing [NYSE: BA] today announced a series of executive leadership changes and reorganizations aimed at accelerating operational discipline, first-time quality and performance while streamlining senior leadership roles and responsibilities.

Effective immediately, Boeing Defense, Space & Security (BDS) will consolidate its eight divisions into four, including:

  • Vertical Lift, led by Vice President and General Manager Mark Cherry.
  • Mobility, Surveillance & Bombers, led by Vice President and General Manager Dan Gillian, which will include KC-46, SAOC, E-7, VC-25B, P-8, Bombers, AWACS/AEW&C, 777X components and all executive transport programs.
  • Air Dominance, led by Vice President and General Manager Steve Nordlund, which will include classified programs; the F/A-18, F-15, T-7, MQ-25 and MQ-28 programs; and the non-space Phantom Works portfolio, including the Virtual Warfare Centers. Steve will also become the senior site executive for the St. Louis region.
  • Space, Intelligence & Weapon Systems, led by Vice President and General Manager Kay Sears, which will include space exploration and launch programs, satellites, munitions, missiles, weapon system deterrents, maritime undersea, Phantom Works Space and subsidiaries (BI&A, Millennium, Insitu, Liquid Robotics, Spectrolab, Argon and DRT). Between now and Feb. 4, 2023, Jim Chilton, senior vice president for Space and Launch, will continue to manage space exploration and launch programs, satellites and Phantom Works Space. On Feb. 5, 2023, Chilton will become a senior advisor to Ted Colbert, president and chief executive officer of BDS, focusing on future space ventures.

These changes build upon a consolidation of Manufacturing & Safety, Total Quality, Supply Chain and Program Management, and the appointment of Steve Parker as BDS chief operating officer.

"I am confident this reorganization will drive greater and more simplified integration and collaboration across Boeing Defense, Space & Security," said Colbert. "These changes will help accelerate operational discipline and program quality and performance, while stabilizing our development and production programs. These are necessary steps to put BDS on the path to stronger, profitable growth."

Additionally, Tim Peters, currently vice president and general manager of Mobility and Surveillance, and Cindy Gruensfelder, currently vice president and general manager of Missile and Weapon Systems, will be retiring after assisting with the transitions.

"Over the past three decades, Tim and Cindy have played an integral role in delivering critical capabilities for our customers and developing top talent across the enterprise," Colbert said. "The Boeing Executive Council and I are grateful for their leadership and years of service."

Coinciding with these changes, Boeing Global Services (BGS) will integrate all government services – domestic and international – into one organization, led by Torbjorn (Turbo) Sjogren, vice president and general manager of BGS Government Services. 

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company's core values of safety, quality and integrity. Join our team and find your purpose at boeing.com/careers.

Contact  
Deborah VanNierop
Boeing Media Relations
+1-210-454-2656
deborah.a.vannierop@boeing.com

Cision View original content:https://www.prnewswire.com/news-releases/boeing-reorganizes-defense-space--security-business-unit-301682027.html

SOURCE Boeing

FAQ

What are the recent leadership changes at Boeing (BA)?

Boeing is reorganizing its Defense, Space & Security unit by consolidating from eight divisions to four to improve operational discipline and performance.

When did Boeing announce the reorganization of its Defense, Space & Security unit?

Boeing announced the reorganization on November 17, 2022.

Who will lead the new divisions at Boeing after the reorganization?

The new divisions will be led by Mark Cherry, Dan Gillian, Steve Nordlund, and Kay Sears.

What is the objective of Boeing's recent restructuring announcement?

The aim is to enhance operational discipline, streamline leadership roles, and stabilize development and production programs.

What did Boeing say about the impact of these changes on future growth?

Boeing anticipates these necessary steps will put BDS on a path to stronger, profitable growth.

Boeing Company

NYSE:BA

BA Rankings

BA Latest News

BA Stock Data

87.03B
729.30M
0.11%
55.12%
2.53%
Aerospace & Defense
Aircraft
Link
United States of America
ARLINGTON