Boeing on Tuesday announced changes to its military aircraft business that will take effect Oct. 1. The organization will consolidate from six divisions to four, “to continue to position the company for growth in the current business environment,” states the company’s release. The four new divisions are Global Strike, based in St. Louis; Missiles and Unmanned Airborne Systems, based in St. Charles, Mo.; Mobility, based in Ridley Park, Pa.; and Surveillance and Engagement, based in Seattle. “This reorganization, coupled with our productivity goals, will reduce organizational complexity and allow us to be more efficient,” said Boeing Military Aircraft President Chris Chadwick. There will be some work force reductions, beginning with approximately 10 percent of BMA executive positions, states the release.
RTX, parent of Raytheon, Collins and Pratt & Whitney, is getting out of the space prime business and focusing on its "strengths" as a maker of space sensors, buses, and components, company COO Chris Calio said during an earnings call.