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.
Now available in hardback and paperback as well as ebook!
From the press release: In this ground-breaking new history of early America, historian Robert Zimmerman not only exposes the lie behind The New York Times 1619 Project that falsely claims slavery is central to the history of the United States, he also provides profound lessons about the nature of human societies, lessons important for Americans today as well as for all future settlers on Mars and elsewhere in space.
Conscious Choice: The origins of slavery in America and why it matters today and for our future in outer space, is a riveting page-turning story that documents how slavery slowly became pervasive in the southern British colonies of North America, colonies founded by a people and culture that not only did not allow slavery but in every way were hostile to the practice.
Conscious Choice does more however. In telling the tragic history of the Virginia colony and the rise of slavery there, Zimmerman lays out the proper path for creating healthy societies in places like the Moon and Mars.
“Zimmerman’s ground-breaking history provides every future generation the basic framework for establishing new societies on other worlds. We would be wise to heed what he says.” —Robert Zubrin, founder of founder of the Mars Society.
All editions are available at Amazon, Barnes & Noble, and all book vendors, with the ebook priced at $5.99 before discount. The ebook can also be purchased direct from my ebook publisher, ebookit, in which case you don't support the big tech companies and I get a bigger cut much sooner.
Autographed printed copies are also available at discount directly from me (hardback $24.95; paperback $14.95; Shipping cost for either: $5.00). Just email me at zimmerman @ nasw dot org.
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.
Now available in hardback and paperback as well as ebook!
From the press release: In this ground-breaking new history of early America, historian Robert Zimmerman not only exposes the lie behind The New York Times 1619 Project that falsely claims slavery is central to the history of the United States, he also provides profound lessons about the nature of human societies, lessons important for Americans today as well as for all future settlers on Mars and elsewhere in space.
Conscious Choice: The origins of slavery in America and why it matters today and for our future in outer space, is a riveting page-turning story that documents how slavery slowly became pervasive in the southern British colonies of North America, colonies founded by a people and culture that not only did not allow slavery but in every way were hostile to the practice.
Conscious Choice does more however. In telling the tragic history of the Virginia colony and the rise of slavery there, Zimmerman lays out the proper path for creating healthy societies in places like the Moon and Mars.
“Zimmerman’s ground-breaking history provides every future generation the basic framework for establishing new societies on other worlds. We would be wise to heed what he says.” —Robert Zubrin, founder of founder of the Mars Society.
All editions are available at Amazon, Barnes & Noble, and all book vendors, with the ebook priced at $5.99 before discount. The ebook can also be purchased direct from my ebook publisher, ebookit, in which case you don't support the big tech companies and I get a bigger cut much sooner.
Autographed printed copies are also available at discount directly from me (hardback $24.95; paperback $14.95; Shipping cost for either: $5.00). Just email me at zimmerman @ nasw dot org.
…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.