Boeing adopts new name, changes for defense unit
The Boeing Co. announced Thursday that it has realigned its St. Louis-based Integrated Defense Systems unit and will operate under a new name.
The newly renamed Boeing Defense, Space & Security unit reflects part of the company’s "continuing effort to compete in a rapidly evolving global defense and security marketplace," company officials said in a news release.
"Boeing anticipated flattening defense budgets and shifting customer priorities for the past few years and has been taking aggressive steps to position the company for profitable growth in a challenging economy," said Dennis Muilenburg, president and CEO of the Defense, Space & Security unit fast payday loans.
It will retain its operating units — Boeing Military Aircraft, Network and Space Systems, and Global Services and Support. Boeing Defense, Space & Security will consolidate some divisions and make several leadership changes, Muilenburg said.
Boeing’s Defense, Space & Security unit is the second-largest employer in the St. Louis region with about 15,000 workers.