Ted Colbert: Boeing’s Defense Segment to Take Different Approaches to Contracting

Ted Colbert, president and CEO of Boeing’s (NYSE: BA) defense, space and security business, said the company has learned lessons from the Air Force One contract and will explore various contracting approaches to help inform future decision-making for customer programs, Defense News reported Sunday.

We have learned a ton of lessons, especially around contracting,” Colbert told reporters during a roundtable Sunday in London.

And we will use those to inform our way going forward. If we learned something that didn’t work out this way, we’ll take a different approach going forward,” he added.

The Air Force One planes were originally set to be delivered in 2024 and Colbert said the company is focused on delivering the aircraft by 2027.

He noted that the revised schedule takes into account lessons related to facilities, talent and supply chains.

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