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.
Readers!
I must unfortunately ask you for your financial support because I do not depend on ads and rely entirely on the generosity of readers to keep Behind the Black running. You can either make a one time donation for whatever amount you wish, or you sign up for a monthly subscription ranging from $2 to $15 through Paypal or $3 to $50 through Patreon.
Your support will allow me to continue covering science and culture as I have for the past twenty years, independent and free from any outside influence.
Your support is even more essential to me because I not only keep this site free from advertisements, I do not use the corrupt social media companies like Google, Twitter, and Facebook to promote my work. I depend wholly on the direct support of my readers.
You can provide that support to Behind The Black with a contribution via Patreon or PayPal. To use Patreon, go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation. For PayPal click one of the following buttons:
If Patreon or Paypal don't work for you, you can support Behind The Black directly by sending your donation by check, payable to Robert Zimmerman, to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
Or you can donate by using Zelle through your bank. You will need to give my name and email address (found at the bottom of the "About" page). The best part of this electronic option is that no fees will be deducted! What you donate will be what I receive.
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.
I must unfortunately ask you for your financial support because I do not depend on ads and rely entirely on the generosity of readers to keep Behind the Black running. You can either make a one time donation for whatever amount you wish, or you sign up for a monthly subscription ranging from $2 to $15 through Paypal or $3 to $50 through Patreon.
Your support will allow me to continue covering science and culture as I have for the past twenty years, independent and free from any outside influence.
Your support is even more essential to me because I not only keep this site free from advertisements, I do not use the corrupt social media companies like Google, Twitter, and Facebook to promote my work. I depend wholly on the direct support of my readers.
You can provide that support to Behind The Black with a contribution via Patreon or PayPal. To use Patreon, go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation. For PayPal click one of the following buttons:
If Patreon or Paypal don't work for you, you can support Behind The Black directly by sending your donation by check, payable to Robert Zimmerman, to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
Or you can donate by using Zelle through your bank. You will need to give my name and email address (found at the bottom of the "About" page). The best part of this electronic option is that no fees will be deducted! What you donate will be what I receive.
…to show the world that it can do this right.
I don’t know. Hasn’t that ship kinda already sailed?
I think Boeing is more at the point of trying to show they can do it at all.
beginning to pile up
“beginning”?
Apparently, I do not understand the scale of the aerospace industry. The previous $410 million seems like a pretty significant “beginning” to me.
I expect to see a Boeing shareholder uprising in the near future as current share prices are less than 1/2 of what they were in early 2019.
TV trope: lightspeed leapfrog.
2033, Boeing finally gets Starliner flying, only to get traffic-control warnings to stay out of the path of daily SpaceX flights to Luna City’s Trump Tower Resort.
They could just can this turkey before it kills someone and stop throwing money down a rathole.
It’s really sad to see the current shape of a once great American aerospace company. But the same can be said of the state and region they come from.