Boeing is replacing the head of its defense and space business. That the unit that has been saddled with money-losing government contracts and embarrassing failures by its Starliner space capsule.

Theodore “Ted” Colbert III is no longer president and CEO of Boeing Defense, Space & Security, the Arlington County aircraft and aerospace manufacturer reported in a Securities and Exchange

Boeing's new CEO Kelly Ortberg said the company's defense unit chief Ted Colbert is leaving Boeing and that a replacement would be named later. The defense unit accounted for about 40% of Boeing's revenue in the first half of the year.