Candid discussion of the new business environment in the defense industry and how Boeing intends to grow a $33B business.
Since tacking charge of Boeing Defense, Space & Security late last year, Chris Chadwick has been building a plan to transform the world’s No. 2 military contractor with $33 billion in 2013 sales and more than 55,000 employees.
His biggest customer, the Pentagon, has been hobbled by budget cuts, crimping new starts as key aircraft programs such as the C-17 transport and the F/A-18 fighter wind down.
Chadwick started rolling out a new strategy last week that he hopes will transform Boeing and win major competitions like the US Air Force’s Long-Range Strike Bomber (L-RSB) program, in partnership with Lockheed Martin; the Navy’s Unmanned Carrier-Launched Surveillance and Strike (UCLASS); and the Air Force T-X future trainer effort. The strategy itself will be formally unveiled next month.