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The head of Boeing's defense and space business is out as company tries to fix troubled contracts
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FILE - The Boeing logo is displayed in El Segundo, Calif., on Jan. 25, 2011. - photo by AP Photo/Reed Saxon, File
ARLINGTON, Va. (AP) — Boeing on Friday replaced the head of its troubled defense and space business, which has struggled with money-losing government contracts and embarrassing setbacks involving its Starliner space capsule. The company said Theodore “Ted” Colbert III was removed immediately as president and CEO of Boeing Defense, Space & Security and replaced temporarily by the division's chief operating officer, Steve Parker. A search is underway for a permanent replacement.