New strategy for Boeing’s defense business

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 Chris Chadwickto 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.

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