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Boeing CEO steps down following defense-related scandals.(Chicago Tribune)
Byline: Melissa Allison and Susan Chandler
BC-BOEING_TUE:TB _ business, xtop (1330 words)
CHICAGO _ Boeing Co.'s chief executive resigned following a series of defense-related scandals that left politicians doubting the company's integrity and investors questioning the aerospace manufacturer's leadership.
Phil Condit's surprise departure comes less than a month after the company landed a hard-fought contract to replace some of the Air Force's aging aerial refueling tankers. But the deal came at a heavy cost, drawing lawmakers' ire over what they considered a sweetheart deal to bail out the troubled company.
Boeing's conduct during the negotiations is under investigation by the Pentagon. And the tanker deal may now be reopened, given the ethical concerns.
Condit's resignation, announced Monday, comes a week after Boeing fired Mike Sears, its chief financial officer, for unethical conduct related to the controversial $26 billion Air Force contract.
Sears' alleged misconduct involved offering a job to Darleen Druyun, the chief Air Force procurement officer on the tanker contract, while she was still negotiating with Boeing. Druyun, who went to work for Boeing in January, also was fired, and Sears has denied any wrongdoing.
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