Boeing Defense to Cut 50 Executive Jobs in Management Shakeup
- About 60 other positions will be moved to services operation
- Moves advance CEO’s efforts to cut costs throughout company
Boeing Co. F-15SG Strike Eagle fighter jet
Photographer: Nicky Loh/BloombergThis article is for subscribers only.
Boeing Co.’s defense business is shedding about 50 executive positions, eliminating a layer of management and expanding the operational role of the division’s boss, Leanne Caret.
Starting July 1, the $29.5 billion defense unit’s main businesses -- Boeing Military Aircraft and Network & Space Systems-- will split into smaller entities reporting directly to Caret, the company said in a statement Tuesday. A third segment is being transferred to Boeing Global Services, a new operation to be launched next month.