June 16, 2017: Boeing officials plan to re-organize the company’s $28.1 billion Defense, Space and Security Division on July 1, 2017, cutting a layer of management and affecting about fifty executive positions, officials at the Chicago-based aerospace and defense company announced in a press release on Tuesday, June 13, 2017. Boeing's Defense business, which moved from the St. Louis suburbs to the Crystal City neighborhood in Arlington County, Va., this year, 2017, is scheduled to be split into smaller segments, each with a portfolio of Boeing defense products and services. Autonomous Systems will largely include its drone products and will be led by Chris Raymond; the Space and Missile Systems segment will include space hardware and signature bombs and missiles and will be led by Jim Chilton; the Strike, Surveillance and Mobility business will include the company’s fighter jets and maritime patrol aircraft and will be led by Shelley Lavender; and the Vertical Lift segment that includes Boeing’s helicopters will be led by David Koopersmith. All are scheduled to report to current Defense, Space and Security Chief Executive Officer Leanne Caret. "We need to be an agile organization that is more responsive to customers' needs and committed to continually improving productivity," Caret said in a statement. "We are fundamentally addressing how we compete, win, and grow in Boeing's second century." The Development, Global Operations, and Phantom Works segments will be left mostly unchanged, according to the Boeing press release.