Boeing has appointed Jay Malave, the former CFO of Lockheed Martin, as its new Executive Vice President and Chief Financial Officer, effective August 15, 2025. To secure the hire and offset forfeited equity, the company is providing Malave with $18 million in cash and equity awards and paying Lockheed $2 million to settle employment claims. This leadership transition is significant due to Malave's background at a primary competitor and the resulting restrictions on his involvement in Boeing's defense and space business through 2025.
