Boeing Defense, Space, and Security CEO Ted Colbert is out at Boeing. He’s paying for some sins of the past, but the change shows new CEO Kelly Ortberg means business.

Ted Colbert, CEO and president of the Defense, Space & Security division, will leave the Boeing company, media outlets reported.

Boeing said today the head of its troubled space and defense unit is leaving the company immediately, in the first management change under new CEO Kelly Ortberg.

Boeing's new CEO Kelly Ortberg said the company's defense unit chief Ted Colbert is leaving Boeing and that a replacement would be named later. The defense unit accounted for about 40% of Boeing's revenue in the first half of the year.

Boeing said on Friday the head of its troubled space and defense unit is leaving the company immediately, in the first management change under new CEO Kelly Ortberg. Ortberg who took over in August said Ted Colbert would be leaving and Steve Parker,

Boeing on Friday replaced the head of its troubled defense and space business, which has struggled with money-losing government contracts and embarrassing setbacks involving its Starliner space capsule.

Boeing Co. said that Ted Colbert — its head of defense, space and security — would leave the company on Friday, as the beleaguered aviation giant’s new chief executive aims for big changes following a string of safety concerns and a deep slump in its financials.

The head of Boeing’s defence business is leaving the company after years of losses from fixed-price contracts and a high-profile debacle with its space capsule that left two astronauts in space. Chief executive Kelly Ortberg said in a memo to employees on Friday that Ted Colbert,

Boeing is getting a new space chief. Ted Colbert will no longer be CEO of Boeing Defense, Space & Security, one of the aerospace giant's subdivisions, according to media reports. Those reports cite a staff memo circulated today (Sept.