Starliner delays have cost Boeing another $185 million
Capitalism in space: Boeing today announced that it has had to taken another $185 million charge out of its earnings, in addition to the $410 million previously deducted, in order to cover the problems and delays in developing its Starliner manned capsule.
When Boeing took the original earnings charge, it said it did so because it committed to redo the uncrewed flight test at no expense to NASA, a point a Boeing executive reaffirmed at the Oct. 19 briefing. “There’s no additional charges that will be going to the government for this. This is something that The Boeing Company will make sure we’ve got covered as we get this vehicle prepared,” said John Vollmer, vice president and program manager for Boeing’s commercial crew program.
These costs are beginning to pile up. Boeing has got to get this capsule fixed and flying, not only to begin bringing in some income but to show the world that it can do this right.
Capitalism in space: Boeing today announced that it has had to taken another $185 million charge out of its earnings, in addition to the $410 million previously deducted, in order to cover the problems and delays in developing its Starliner manned capsule.
When Boeing took the original earnings charge, it said it did so because it committed to redo the uncrewed flight test at no expense to NASA, a point a Boeing executive reaffirmed at the Oct. 19 briefing. “There’s no additional charges that will be going to the government for this. This is something that The Boeing Company will make sure we’ve got covered as we get this vehicle prepared,” said John Vollmer, vice president and program manager for Boeing’s commercial crew program.
These costs are beginning to pile up. Boeing has got to get this capsule fixed and flying, not only to begin bringing in some income but to show the world that it can do this right.