Boeing shakes up shrinking defense business
Boeing is shaking up its shrinking defense division, putting some executives into new roles and reducing the number of managers.
It's also disbanding its Missiles and Unmanned Airborne Systems division, spreading its work out among other Boeing units.
Boeing makes military helicopters and planes, in addition to commercial jets used by airlines. The commercial airplane business has been expanding. But the defense business is suffering because of tight government spending in the U.S. and other countries.
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