The head of Boeing’s defense and space business is out as company tries to fix troubled contracts

The company said Theodore “Ted” Colbert III was removed immediately as president and CEO of Boeing Defense, Space & Security.

ARLINGTON, Va. — 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.

The company said Theodore “Ted” Colbert III was removed immediately as president and CEO of Boeing Defense, Space & Security and replaced temporarily by the division’s chief operating officer, Steve Parker. A search is underway for a permanent replacement.

Colbert spent 15 years at Boeing, serving as chief information officer and leading its global-services

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