Boeing reorganizes

The Boeing Co. is merging two of its business units to better integrate its solutions for Defense Department contracts, the Chicago-based company announced.

The new unit, Boeing Integrated Defense Systems, will be a $23 billion business and represents the merging of the company's space, defense, government, intelligence and communications capabilities. They had been split between the Space and Communications division and Military Aircraft and Missile Systems group.

James Albaugh, president of Space and Communications, has been named president and CEO of the new unit, which will be based in St. Louis and have 78,600 employees worldwide.