Boeing writes off another half billion dollars due to Starliner
In filing an annual report to the SEC, Boeing revealed that has written off another half billion dollars due to Starliner delays and technical problems, bringing the total the company has lost on the capsule to more than two billion.
In the company’s 10-K annual filing with the U.S. Securities and Exchange Commission Feb. 3, Boeing said it took $523 million in charges on Starliner in 2024. The company blamed the losses on “schedule delays and higher testing and certification costs as well as higher costs for post certification missions.”
Both Boeing and NASA remain utterly silent on the future of Starliner. It remains uncertified for operational manned flights, which means Boeing continues to earn nothing from it. Will it have to fly another manned mission on its own dime to get that certification? Or will NASA instead pay it to fly a cargo mission to ISS, as rumors have suggested, to prove the capsule is ready for manned flights?
No one knows. Nor do we know if Boeing will either sell off its space division or cancel Starliner entirely and thus free itself of the problem.
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In filing an annual report to the SEC, Boeing revealed that has written off another half billion dollars due to Starliner delays and technical problems, bringing the total the company has lost on the capsule to more than two billion.
In the company’s 10-K annual filing with the U.S. Securities and Exchange Commission Feb. 3, Boeing said it took $523 million in charges on Starliner in 2024. The company blamed the losses on “schedule delays and higher testing and certification costs as well as higher costs for post certification missions.”
Both Boeing and NASA remain utterly silent on the future of Starliner. It remains uncertified for operational manned flights, which means Boeing continues to earn nothing from it. Will it have to fly another manned mission on its own dime to get that certification? Or will NASA instead pay it to fly a cargo mission to ISS, as rumors have suggested, to prove the capsule is ready for manned flights?
No one knows. Nor do we know if Boeing will either sell off its space division or cancel Starliner entirely and thus free itself of the problem.
Readers!
Every February I run a fund-raising drive during my birthday month. This year I celebrate my 72nd birthday, and hope and plan to continue writing and posting on Behind the Black for as long as I am able.
I hope my readers will support this effort. As I did in my November fund-raising drive, I am offering autographed copies of my books for large donations. Donate $250 and you can have a choice of the hardback of either Genesis: the Story of Apollo 8 or Conscious Choice: The origins of slavery in America and why it matters today and for our future in outer space. Donate $200 and you can get an autographed paperback copy of either.
Please consider supporting my work here at Behind the Black. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Every one of those 2020 conclusions has turned out right.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
Not finishing Starliner could cost them far more down the road–with that and no work on the DARPA spaceplane showing they cannot complete projects.