Boeing Names Stephen Parker as CEO of Defense, Space & Security

Boeing (NYSE: BA) has appointed Stephen (Steve) Parker as the new president and chief executive officer of its Defense, Space & Security (BDS) business unit, effective immediately.

Rhea-AI Summary

Boeing (NYSE: BA) has appointed Stephen (Steve) Parker as the new president and chief executive officer of its Defense, Space & Security (BDS) business unit, effective immediately. Parker, who has been serving as interim leader since September 2024, previously held the position of BDS chief operating officer.

Parker will report directly to Boeing President and CEO Kelly Ortberg and join the company's Executive Council. In his new role, he will oversee all aspects of the business unit that provides technology, products and solutions for defense, government, space and intelligence customers globally.

With a Boeing career spanning since 1988, Parker's previous roles include leading BDS divisions such as Bombers & Fighters and Vertical Lift, as well as managing Boeing Defence Australia. Under his interim leadership, the defense business has shown improvements in operations, program execution, and customer relationships.

Positive

• Demonstrated success in stabilizing operations and improving program execution during interim leadership
• Extensive company experience with over 35 years at Boeing
• Strong track record in managing key divisions including Bombers & Fighters and Vertical Lift
• Proven experience in strengthening customer relationships

Negative

• None.

Argus Session date unavailable

+0.12% session move Open Argus

Details

News Market Reaction – BA

The recorded move for BA in the trading session of this news was +0.12%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

ARLINGTON, Va., July 1, 2025 /PRNewswire/ -- Boeing [NYSE: BA] today announced Stephen (Steve) Parker as president and chief executive officer of its Defense, Space & Security (BDS) business, effective immediately. Parker has served as interim leader of the Boeing business unit since September 2024.

"Under Steve's leadership, our defense business has stabilized its operations, improved program execution and strengthened relationships with our customers," said Boeing President and CEO Kelly Ortberg. "With proven experience in manufacturing and program management, combined with his focus on developing people and building a strong culture, Steve is a leader who exemplifies the best of Boeing."

Parker will report to Ortberg and serve on the company's Executive Council. Parker will oversee all aspects of the company's business unit that provides technology, products and solutions for defense, government, space and intelligence customers worldwide.

Parker was previously BDS chief operating officer, responsible for day-to-day business operations overseeing teams that include quality, manufacturing and safety, supply chain and program management. Before that, Parker led BDS divisions including Bombers & Fighters and Vertical Lift, and oversaw teams that developed many of the most innovative products and solutions across Boeing's defense portfolio. He also managed Boeing Defence Australia, the company's largest subsidiary outside the U.S. Parker joined Boeing in 1988.

A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.

Media contact:
media@boeing.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/boeing-names-stephen-parker-as-ceo-of-defense-space--security-302495163.html

SOURCE Boeing

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is the new CEO of Boeing Defense, Space & Security (BDS)?

Stephen (Steve) Parker has been appointed as the new president and CEO of Boeing Defense, Space & Security, effective immediately. He previously served as interim leader since September 2024.

What was Steve Parker's previous role at Boeing before becoming BDS CEO?

Prior to this appointment, Parker served as BDS chief operating officer, overseeing day-to-day business operations including quality, manufacturing and safety, supply chain and program management.

How long has Stephen Parker been with Boeing (NYSE: BA)?

Stephen Parker joined Boeing in 1988, accumulating over 35 years of experience with the company.

What divisions has Steve Parker led at Boeing Defense?

Parker has led several key divisions at Boeing including Bombers & Fighters, Vertical Lift, and managed Boeing Defence Australia, the company's largest subsidiary outside the U.S.

Who will Stephen Parker report to in his new role at Boeing?

In his new role, Parker will report to Boeing President and CEO Kelly Ortberg and serve on the company's Executive Council.