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Boeing to restructure its defence and 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 jobs this year, as the world's largest plane maker looks to make the business more agile.The business, which accounted for nearly a third of the company's total revenue in 2016, will be divided into seven units, instead of five currently, effective July 1, with all reporting to BDS Chief Executive Leanne Caret.Boeing's military aircraft business, part of the BDS unit, will be rearranged into three smaller segments: autonomous systems, strike ...

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First Published: Wed, June 14 2017. 01:58 IST