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

The Boeing emblem is displayed on a display screen, at the New York Stock Trade (NYSE) in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid/File Photograph

March 28 (Reuters) – Boeing Co (BA.N) reported on Monday the head of its major defense division, Leanne Caret, will retire after nearly 35 years with the aviation business.

Caret, who is 55 decades outdated, will be succeeded by Ted Colbert efficient April 1.

Caret oversaw development of the successful MQ-25 drone application 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 several troubles and expense overruns.

Boeing’s defense unit, which has the U.S. authorities as a person of its biggest buyers, produced profits of $26.5 billion in 2021, overtaking its commercial plane enterprise.

Colbert, who now heads Boeing International Expert services, will turn into president and chief govt officer of Boeing’s Defense, Area & Security company. The international expert services unit handles jet servicing, mend and overhaul, details analytics and pilot teaching.

Caret, who had taken about the protection and area function in 2016, will provide as govt vice president and senior adviser to Boeing Main Executive David Calhoun, right until her retirement later this year.

The section presents military plane and network and area techniques to clients close to the world.

The organization named Stephanie Pope as president and CEO of Boeing International Products and services, succeeding Colbert.

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

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