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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.

Genesis cover

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 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

6 comments

  • mpthompson

    …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.

  • Tom

    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.

  • Mike Borgelt

    They could just can this turkey before it kills someone and stop throwing money down a rathole.

  • Concerned

    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.

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