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Boeing Names New Defense and Space CEO

  • Effective July 1, 2025, Boeing announced Stephen Parker as the new president and CEO overseeing its Defense, Space and Security business unit.
  • Parker moved from interim leader, a role he held since September 2024 after Ted Colbert's departure amid financial and program challenges.
  • Parker has over 37 years at Boeing, previously serving as COO of the defense unit and overseeing business operations including key program portfolios.
  • Boeing CEO Kelly Ortberg stated that under Steve’s guidance, the defense division has enhanced its operational stability, boosted the effectiveness of its program delivery, and reinforced its customer partnerships.
  • Boeing's defense division faces ongoing challenges from fixed-price contracts but shows signs of turnaround via contract renegotiations and production stabilization.
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PR Newswire broke the news in United States on Tuesday, July 1, 2025.
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