Boeing Finds Surprise Asset for Defense Comeback: Old Warplanes

  • Unit head Caret rides returns of Super Hornet, Strike Eagle
  • Next challenge is restoring growth as Pentagon contests loom

A U.S. Navy technician walks past a row of F/A-18 Super Hornet combat jets, manufactured by Boeing Co., aboard the USS George Washington aircraft carrier near Eastern Samar, the Philippines, on Nov. 20, 2013.

Photographer: Julian Abram Wainwright/Bloomberg

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It wasn’t so long ago that Leanne Caret, head of Boeing Co.’s defense division, was warning of a grim future for one of the planemaker’s marquee fighter jets.

As finance chief of the business, Caret helped draft a disclosure tucked into the company’s 2014 annual report saying production of the F/A-18 Super Hornet was at risk of shutting down by 2018 due to stalled sales. But doomsday never came for the plane -- and Caret is now presiding over a resurgence for the Super Hornet and another Boeing fighter, the F-15 Strike Eagle.