Boeing defense unit leader Ted Colbert resigns amid financial struggles and union strike.

Boeing's defense unit leader, Ted Colbert, has resigned effective immediately, with COO Steve Parker stepping in temporarily. This news coincides with Boeing's financial difficulties, including furloughs for over 32,000 workers amid a strike. The Defense, Space & Security unit reported a $913 million loss in the last quarter, and Boeing's shares have plummeted approximately 41% this year, including a 1% drop on the day of Colbert's announcement.

September 20, 2024
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