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Boeing defense chief Ted Colbert pushed out
Breaking Defense ^ | September 20, 2024 at 5:43 PM | Valerie Insinna

Posted on 09/23/2024 7:40:36 AM PDT by Fish Speaker

WASHINGTON — Ted Colbert, chief executive of Boeing’s defense unit, exited the company today effective immediately amid the unit’s continued poor performance and crippling financial losses.

Steve Parker, Boeing defense’s chief operating officer, will take on leadership at the unit while the company seeks out a permanent replacement, Boeing CEO Kelly Ortberg said in a memo to employees.

“I want to thank Ted for his 15 years of service at The Boeing Company, supporting our customers, our people and our communities,” Ortberg said in the memo.

“At this critical juncture, our priority is to restore the trust of our customers and meet the high standards they expect of us to enable their critical missions around the world,” Ortberg said. “Working together we can and will improve our performance and ensure we deliver on our commitments.”

Colbert’s ouster comes just a week after Boeing Chief Financial Officer Brian West, speaking to investors at a financial conference, disclosed that margins at the defense unit would be negative during the third quarter amid continued difficulties reversing cost overruns from fixed-priced defense contracts, as well as newly discovered production challenges on the F-15EX and F/A-18 Super Hornet.

(Excerpt) Read more at breakingdefense.com ...


TOPICS:
KEYWORDS: boeing; fixpriced; losses
I don't know if cleaning house is going to make a difference. Boeing's goodwill is almost worthless at this point.
1 posted on 09/23/2024 7:40:36 AM PDT by Fish Speaker
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To: Fish Speaker

How do you not make money will you are billing Fed.gov?


2 posted on 09/23/2024 7:41:42 AM PDT by PGR88
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To: Fish Speaker
Boeing defense chief Ted Colbert pushed out



"Must be a Board Meeting."

3 posted on 09/23/2024 7:42:28 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Fish Speaker

A few years back, Boeing fired several thousand quality control people as a cost savings measure. It shows.


4 posted on 09/23/2024 7:43:14 AM PDT by 17th Miss Regt ( )
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To: Fish Speaker

Has he ever been to P Diddy Freak Off ? 🤔🙄😂


5 posted on 09/23/2024 7:45:27 AM PDT by OldHarbor
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To: 17th Miss Regt

Watch them commit to using AI to control quality. Then they will spend billions on systems that don’t work any better.

Wanna bet?


6 posted on 09/23/2024 7:45:34 AM PDT by MMusson ( )
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To: Fish Speaker
“I want to thank Ted for his 15 years of service at The Boeing Company, supporting our customers, our people and our communities,” Ortberg said in the memo.

“At this critical juncture, our priority is to clean up the mess that stupid SOB left us with, and start making things that work properly.

7 posted on 09/23/2024 7:45:50 AM PDT by NorthMountain (... the right of the people to keep and bear arms shall not be infringed)
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To: Fish Speaker

He didn’t earn it.


8 posted on 09/23/2024 7:46:00 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: All
Axed.

Ortberg said in the memo, “At this critical juncture, our priority is to clean up the mess that stupid SOB left us with, and start making things that work properly."

9 posted on 09/23/2024 8:00:15 AM PDT by Liz (Faith is believing what you cannot see; its reward is to see what you believe. St Augustine)
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To: Fish Speaker

DEI in our military ranks
DEI in our defense contractors

The US will surely lose a conflict against a serious opponent.


10 posted on 09/23/2024 8:04:37 AM PDT by Erik Latranyi (This is the end of the Republic....because we could not keep it.)
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To: Erik Latranyi

I have to agree. I saw DEI firsthand before I retired from my job at a local military base.


11 posted on 09/23/2024 8:12:29 AM PDT by ducttape45 (Jeremiah 17:9, "The heart is deceitful above all things, and desperately wicked: who can know it?")
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To: 17th Miss Regt

“A few years back, Boeing fired several thousand quality control people as a cost savings measure. It shows.”
I remember when that happened. I believe that it occurred shortly after they merged with McDonnell Douglas. The merger was the kiss of death for Boeing.


12 posted on 09/23/2024 8:29:55 AM PDT by wjcsux (On 3/14/1883 Karl Marx gave humanity his best gift, he died. )
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To: OldHarbor

That was my first thought. How convenient. Pushed out or did a particularly nasty blackmail video surface?


13 posted on 09/23/2024 8:47:36 AM PDT by ponygirl (Stay gold.)
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To: 17th Miss Regt

>>>A few years back, Boeing fired several thousand quality control people as a cost savings measure. It shows.

Having QC people control quality is not a sound solution. Ultimately switching to QA system isn’t any better because the burden is on manufacturing people vs QC people. Quality needs to be designed, up front to thorough planning! We have to get away from reactive actions(usually too late) to even preventive and predictive solutions. If there’s a paradigm shift, “you just can’t spend enough time planning”, up front!


14 posted on 09/23/2024 4:22:03 PM PDT by existentially_kuffer
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