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.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
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.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
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.