AP/ November 7, 2012, 3:15 PM

Boeing restructures shrinking defense division

Boeing's F/A-18E/F Super Hornet -- a supersonic jet-propelled combat aircraft designed for dogfighting -- appears fully armed in this image.

Boeing's F/A-18E/F Super Hornet -- a supersonic jet-propelled combat aircraft designed for dogfighting -- appears fully armed in this image. / Pierre Verdy/AFP/Getty Images

CHICAGO Boeing (BA) is shaking up its shrinking defense division, putting some executives into new roles and reducing the number of managers.

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.

Boeing says it is reducing defense executives by 30 percent from 2010 levels. Spokesman Todd Blecher says much of that has already happened, and the last 10 percent of the cuts will come by the end of the year. On Wednesday, Boeing reassigned several defense executives.

Boeing says it has cut defense facilities by 10 percent "and is looking for more over time." It did not say which facilities will be affected.

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bmounts says:
Is censoring good for business - in the USA? I wonder what Bob Igor of Disney thinks about one of his companies, ABCNews, censoring posts related to Benghazi questions at 9:30 tonight. It is not the first time, but when I complain it goes away for a while. It is really sad, that opposing points of view are summarily quashed. Would I be treated the same at Disney parks? So far, we have stopped buying Disney movies and are not planning any trips back to Orlando or Anaheim. I'm not sure if my previous complaints to neighbor were any influence; but my neighbor's daughter and family went to Florida recently and opted not to stop at Disney.
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