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Boeing to restructure defence, space unit


(Reuters) - Boeing Co said on Tuesday it would restructure its defence, space and security (BDS) division into smaller units and cut about 50 executive positions, as the world's largest plane maker seeks to make its business more responsive to customers. The business, which accounted for nearly a third of the company's total revenue in 2016, will be divided into seven units, instead of the present five. All will report to BDS Chief Executive Leanne Caret.The executives to be cut represent a layer of middle management in between senior officials and each individual business unit. Caret told ...

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First Published: Wed, June 14 2017. 03:52 IST