Boeing is taking further steps to restructure its defense and space business.
The maker of F-18 fighter jets, Chinook helicopters and the Ground-based Midcourse Defense missile defense system will lay off 50 executives by year's end as it looks to streamline the oversight process.
"We need to be an agile organization that is more responsive to customers' needs and committed to continually improving productivity," said Leanne Caret, CEO and president of Boeing's defense, space and security division, in a press release.
Additionally, Boeing said its military aircraft and network and space systems segments will be broken out into four smaller units. The development, global operations and Phantom Works segments will remain largely unchanged.
The move is the latest by Caret, who took the helm at BDS in early 2016, to revamp the unit. Last November, America's largest aerospace manufacturer announced it would consolidate some manufacturing operations, cutting 500 jobs over four years and shuttering two plants. In December, it said it would relocate the defense headquarters from St. Louis to Washington, D.C., to be closer to the Pentagon and lawmakers.
The moves are centered on competitiveness and growth, adds Boeing spokesman Todd Blecher.