BBC NEWS Americas Africa Europe Middle East South Asia Asia Pacific
BBCi NEWS   SPORT   WEATHER   WORLD SERVICE   A-Z INDEX     

BBC News World Edition
 You are in: Business  
News Front Page
Africa
Americas
Asia-Pacific
Europe
Middle East
South Asia
UK
Business
E-Commerce
Economy
Market Data
Entertainment
Science/Nature
Technology
Health
-------------
Talking Point
-------------
Country Profiles
In Depth
-------------
Programmes
-------------
BBC Sport
BBC Weather
SERVICES
-------------
EDITIONS
Wednesday, 10 July, 2002, 18:46 GMT 19:46 UK
Boeing realigns business units
Boeing, the world's largest aircraft maker, has said it will merge its defence, government, intelligence, communications and space operations into a single entity that will employ nearly 80,000 people.

The firm said the consolidation is being undertaken to better serve Boeing customers, who increasingly are looking to systems that span the company's businesses.

"The platforms our government customers are buying today will be more and more integrated in the future," said the firm's chairman and chief executive Phil Condit during a conference call with reporters.

The new unit, to be called Integrated Defence Systems (IDS) and headquartered in St Louis, about 300 miles south of the firm's headquarters in Chicago, will bring together all of Boeing's defence-related businesses.

The new unit, with combined profits of $23bn (14.9bn), will be headed by James Albaugh, who has run the firm's space and communications unit, headquartered in Seal Beach, California.

The creation of IDS combines operations formerly under military aircraft and missile systems, headquartered in St. Louis, along with the Seal Beach operations.

Analysts say, however, the announcement has more to do with management realignment than any strategic reshuffling of the company's business units.

IDS will employ 78,600 people worldwide.

See also:

19 Sep 01 | Business
21 Jun 02 | Business
17 Apr 02 | Business
Internet links:


The BBC is not responsible for the content of external internet sites

Links to more Business stories are at the foot of the page.


E-mail this story to a friend

Links to more Business stories

© BBC ^^ Back to top

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East |
South Asia | UK | Business | Entertainment | Science/Nature |
Technology | Health | Talking Point | Country Profiles | In Depth |
Programmes