Boeing’s Defense Head to Retire, Global Services Head to Take Over | Investing News

(Reuters) -Boeing Co stated on Monday the head of its large protection division, Leanne Caret, will retire just after virtually 35 years with the aviation corporation.

Caret, who is 55 several years aged, will be succeeded by Ted Colbert helpful April 1.

Caret oversaw development of the thriving MQ-25 drone method and the U.S. Air Force’s new teaching jet. She was also in demand of the KC-46 midair tanker, which has been plagued by numerous challenges and price overruns.

Boeing’s defense device, which has the U.S. authorities as one particular of its greatest customers, created earnings of $26.5 billion in 2021, overtaking its commercial plane company.

Colbert, who now heads Boeing International Companies, will develop into president and main government officer of Boeing’s Protection, Place & Security business enterprise. The international services device handles jet maintenance, repair service and overhaul, information analytics and pilot coaching.

Caret, who had taken above the defense and place part in 2016, will provide as government vice president and senior adviser to Boeing Main Govt David Calhoun, till her retirement later this year.

The section presents military plane and community and space units to shoppers about the globe.

The company named Stephanie Pope as president and CEO of Boeing World Services, succeeding Colbert.

(Reporting by Aishwarya Nair in Bengaluru Modifying by Shailesh Kuber and Karishma Singh)

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