CIO Briefing

Boeing reshuffles defense executives as business shrinks

Pat Sullivan/AP

Boeing is disbanding its Missiles and Unmanned Airborne Systems division and distributing its duties among other units as demand slows and worldwide defense spending tightens, the Associated Press reports.

The missiles and unmanned planes unit had dedicated finance, human resources and legal staff, according to the AP. Missiles will now be the work of Boeing Military Aircraft's "Global Strike" division. Boeing also will cut down on defense facilities, though it was unclear which facilities would be affected.

Boeing is axing the number of defense executives by 30 percent from 2010 levels, the article said. The last 10 percent of the cuts will come by the year’s end.

Threatwatch Alert

Credential-stealing malware / Cyber espionage / Insider attack / Unauthorized use of user privileges / Unauthorized use of employer’s data

Ex-wife Of Former Cop Allegedly Used Mobile Spyware in ID Fraud Scheme

See threatwatch report

JOIN THE DISCUSSION

Close [ x ] More from Nextgov
// October 21
X CLOSE Don't show again

Like us on Facebook