Tag: competition

Boeing losses total almost a billion dollars this quarter

1:15 pm

The hits to Boeing keep coming: In addition to the $1.5 billion it has had to write-off because of problems with its Starliner capsule, Boeing is now reporting losses in the third quarter totaling almost a billion dollars, with half those losses coming from overruns on its fixed price contract to provide Air Force One to the U.S. government.

The $482 million loss on the high-profile presidential plane was due to “higher estimated manufacturing costs related to engineering changes, labor instability and the resolution of supplier negotiations,” Boeing Chief Financial Officer Brian West said during the company’s third-quarter earnings call Wednesday.

Boeing has faced numerous problems with the VC-25B program, including shortages of workers and parts, that have delayed delivery of the first of two Air Force One jets until 2027. To date, the company has lost over $2.4 billion on the program, according to a company spokesperson. CEO Dave Calhoun said last year that Boeing should have never agreed to the fixed $3.9 billion price tag.

The second-largest contributor to losses for Boeing’s Defense, Space & Security (BDS) business was a satellite program that cost the company $315 million in the third quarter. The company wouldn’t identify the program, but West said the loss is “tied to customer considerations and higher estimated cost to deliver a highly innovative satellite constellation contract that we signed several years ago.” [emphasis mine]

Let me translate what CEO Calhoun was really saying in the highlighted sentence: “We want a blank check! Boeing is incapable of producing anything based upon a standard fixed price, and wants the federal government to go back to open-ended cost-plus contracts that put no limit to overruns and schedule delays.”

Whether Boeing gets that blank check or not really depends on Boeing. It is very possible our corrupt legislators in Congress — who think money grows on trees — will bring these cost-plus contract back, but I doubt Boeing will win many such contracts in the near future, based on its horrible performance on all levels technically. It needs to completely clean house, with major shake-ups in management and staff, as whoever is working there now is simply doing a terrible job.

6 comments

SpaceX gets ESA contract to launch up to four of its Galileo GPS-type satellites

9:41 am

The European Space Agency (ESA) this week announced that it has awarded SpaceX a launch contract to put up to four of its Galileo GPS-type satellites into orbit. Though the deal is signed, approval must still be obtained by ESA’s members and executive commission.

This will be the first time SpaceX will launch any ESA satellites, and the first time in fifteen years that a Galileo satellite will launch outside of Arianespace operations. Previously the Russians had done a number of Galileo launches, using its Soyuz-2 rocket launching out of Arianespace’s French Guiana spaceport, but that partnership ended with Russia’s invasion of the Ukraine.

For the ESA the situation is even worse. It needs SpaceX to launch its satellites because at present it doesn’t have any of its own rockets to do it. The Ariane-5 is retired, and the new Ariane-6 (meant to replace it) is long delayed, and will not have its first test launch until next year, at the earliest. The Vega-C (too small for Galileo anyway) is also grounded due to design defects in the nozzle of its upper stage, while the Vega rocket it replaces has only one more launch before its own retirement.

Much like the Axiom-UK deal posted below, the American commercial space industry is once again making money from others, solely due to the capabilities developed in the past decade due to competition and freedom.

1 comment

Axiom signs deal with the United Kingdom to fly all British mission

9:30 am

The space agency of the United Kingdom today announced that it has signed a deal with Axiom to fly an manned mission in space, with four astronauts spending up to two weeks in space (likely in a SpaceX Dragon capsule).

The flight, estimated to cost around £200 million, is being organized in cooperation with the European Space Agency (ESA), though all the astronauts will be British. The announced commander, Tim Peake, spent six months on ISS in 2015, and has come out of retirement to do the flight.

It is also unclear at this moment whether it will fly to ISS, or simply remain in orbit. In fact, few specific details have yet been released.

The bottom line however is that the new American space industry is going to make money from Britain’s desire to be a space power. Seems like a good deal to me.

4 comments

ULA sets Christmas Eve as launch date for first Vulcan rocket launch

8:35 am

In an interview for CNBC, ULA’s CEO revealed that the company has now scheduled the first orbital launch of its new Vulcan rocket for December 24, 2023, Christmas Eve, with a backup launch window in January.

The rocket will carry Astrobotic’s Peregrine lunar lander, targeting the western edge of the lunar mare dubbed Mare Imbrium. It will also carry human ashes to be buried in space, from the private company Celestis.

Vulcan was also originally supposed to carry Amazon’s first two test Kuiper satellites, but the delays in developing Vulcan forced ULA to use an Atlas-5 rocket instead, that launched on October 6th.

If the launch is successful, the company will try to quickly ramp up its launch pace to 24 times per year, in order to meet the contract for 47 launches it has with Amazon to launch Kuiper satellites, as well as its contract obligations to the Pentagon to launch military satellites.

5 comments

India releases on-board camera views during its Gaganyaan launch abort test

9:46 am

India’s space agency ISRO today released the on-board camera views taken during its Gaganyaan launch abort test on October 21, 2023.

The test was a complete success, and the footage shows each step clearly, from launch to stage separation to deployment of parachutes.

ISRO is still targeting 2024 for the first manned Gaganyaan mission, which will carry two to three astronauts into orbit for three to seven days. To meet that target however will require a lot of fast work, as the agency intends to fly three separate unmanned orbital missions of the Gaganyaan capsule prior to putting humans in it. More likely the manned mission will happen in 2025.

1 comment

Belarus joins China’s lunar base project

9:33 am

The former province of the Soviet Union Belarus has now signed an agreement to partner in China’s lunar base project, joining another former part of the U.S.S.R., Azerbaijan, as well as Russia, Pakistan, Venezuela, and South Africa.

Except for Russia, all the other partners in this project have little space capabilities, so don’t expect Belarus to contribute much. This deal is mainly for public relations purposes, to show that China has obtained some international partners.

In truth, the partnership more resembles the communist block run by the former Soviet Union — made up of failing communist states — except that communist China is now leads it.

0 comments

Varda signs deal with Australian private spaceport operator to land its capsules

9:13 am

Blocked from landing its American-built space capsules by the American government, the startup Varda has now completed negotiations and signed an agreement with Southern Launch, an Australian private spaceport operator, to land its capsules at the Koonibba Test Range northwest of Adelaide.

Varda’s business plan is to launch unmanned capsules in which pharmeceuticals and other products that can’t be made on Earth are manufactured, then return the capsule to earth where they are sold for a profit. This deal will allow Varda to land its next capsule there in 2024.

Meanwhile, Varda first capsule, presently in orbit after manufacturing pharmeceuticals for HIV, appears to be a total loss because the FAA and the Pentagon refused it permission to land in the U.S., for what appear to be purely bureaucratic reasons.

There was no single specific issue that held up the reentry, he said. “It was ultimately a coordination problem amongst three different groups that had not worked through this operation before.” He added that there were no safety concerns with Varda’s spacecraft or its ability to meet requirements for an FAA license. An additional challenge is that Varda is the first company to seek an FAA reentry license through a new set of regulations called Part 450. Those regulations are intended to streamline the process but, on the launch side, have been criticized by companies for being difficult.

The U.S. government is now the enemy of its citizens, so incompetent that it actually works to block them from achieving their goals.

5 comments

China launches classified satellite

8:59 am

China today successfully launched a classified reconnaissance satellite, its Long March 2D rocket lifting off from its Xichang spaceport in the south of China.

No word on where the first stage, which uses toxic hypogolic fuel, crashed in the interior of China.

The leaders in 2023 launch race:

76 SpaceX
47 China
13 Russia
7 Rocket Lab
7 India

American private enterprise still leads China in successful launches 88 to 47, and the entire world combined 88 to 75. SpaceX by itself still leads the entire world combined (excluding American companies) 76 to 75.

2 comments

Space Perspective unveils restroom for its high altitude tourist balloon

9:14 am

Neptune's restroom
Click for original image.

The Florida company Space Perspective yesterday unveiled the restroom for its high altitude tourist balloon, Neptune, that intends to take passengers on six to eight hour flights to nineteen miles elevation.

The goal was to provide an environment closer to a spa than to a typical aircraft setting, said Dan Window, who oversees all aspects of design at Space Perspective alongside Isabella Trani. “Overall, we embraced softness and optimistic color tones in the Space Spa, which play nicely with the contrasting colors you will see through its two windows,” Window said in the same statement. “We’re also using light washes, for example, to create ambience and allow for customization of the environment as well as discourage reflections in the windows. Soothing soundscapes will be unique to what you experience in the Space Lounge, and we brought in plants as a callback to the experience that Space Perspective’s founders had in Biosphere 2.

Based on the artist’s renderning to the right, the restroom is still a very small space, smaller than the smallest bathroom in most homes.

Space Perspective says it has received deposits for more than 1,600 flight tickets at 125K each, representing $200 million in potential income. It hopes to complete its first test flight next year.

7 comments

SpaceX successfully completes two Starlink satellite launches today

8:29 pm

SpaceX today successfully completed two Starlink satellite launches, first putting 21 satellites in orbit from Vandenberg in the early morning hours and then launching another 23 satellites from Cape Canaveral in the evening.

Both first stages successfully landed on their drone ships, respectively in the Pacific and Atlantic. The first completed its sixteenth flight, the second its fourth flight.

The leaders in 2023 launch race:

76 SpaceX
46 China
13 Russia
7 Rocket Lab
7 India

American private enterprise now leads China in successfully launches 88 to 46, and the entire world combined 88 to 74. SpaceX by itself now leads the entire world combined (excluding American companies) 76 to 74.

12 comments

The reshuffling of Blue Origin’s management continues

10:20 am

With the announcement yesterday that another high level executive was leaving the company — the third in less than a month — Blue Origin does appear to be making major changes in its management as well as its entire organizational structure.

Blue Origin CEO Bob Smith told employees in an email on Friday that Mike Eilola, the company’s senior vice president of operations since 2021, “is leaving the company for personal reasons” on Nov. 3 and will have his unit split into two new organizations.

Eilola’s departure follows plans announced last month by Bezos to replace Smith, who has been Blue Origin’s CEO since 2017, with longtime Amazon executive Dave Limp by the end of the year. And Brent Sherwood, the head of what had been the company’s research and development unit, will depart next month, Reuters has reported.

This is not the only management restructuring. It has also shifted its lunar lander project into its own division, as well as created a new separate division for developing in-space robotic servicing and orbital tug products.

It finally appears that Jeff Bezos is taking action to get his company working again, after more than a half decade of non-achievement since Bob Smith took over in 2017. Hopefully these changes finally will produce results.

7 comments

Gaganyaan abort test flight flies successfully after short delay

10:13 am

When I went to bed last night India’s Gaganyaan abort test flight had been cancelled due to a launch abort at T-0, with the live stream ending and an expectation that engineers would need at least another day to fly.

When I woke up it turned out that ISRO behaved more like SpaceX than a government agency. It quickly figured out what was wrong, recycled the countdown, and two hours later successfully flew the test of its launch abort rescue system for its manned Gaganyaan capsule.

Indian Space Research Organisation (ISRO) successfully executed the Test Flight Abort Mission, for the Gaganyaan mission on Saturday after the first test flight was aborted at 8:45 am due to a problem in the engine ignition. ISRO Chief S Somanth said the planned lift off the TV-D1 rocket could not happen following an anomaly that will be analysed. He said that the engine ignition of the TV-D1 rocket did not happen over time.

The space agency then said that the errors have been identified and corrected and the second launch was scheduled for 10:00 Hrs today.

And at 10 am, ISRO successfully launched the test vehicle from Sriharikota today. Chairman Somanath expressed happiness and said, “I am very happy to announce the successful accomplishment of Gaganyaan TV-D1 mission”.

The test rocket launched, the abort system separated from the rocket as planned, the capsule was released from the abort system, its parachutes then opened, and the capsule then safely splashed down in the Bay of Bengal about ten miles off the coast, where it was recovered successfully.

ISRO plans a second launch abort test prior to flying the actual manned mission, but at this moment it appears very close to being ready for a manned mission in 2024, its present goal.

2 comments
1 … 198 199 200 201 202 … 785