Boeing adds another $93 million charge against earnings for Starliner manned capsule
Capitalism in space: Boeing officials revealed yesterday that they have been forced to add another $93 million charge against earnings for its much delayed Starliner manned capsule the company is building.
This is on top of $410 million in the fourth quarter of 2019 and another $185 million in the third quarter of 2021. All together, Boeing has had to cover $688 million in cost growth.
At the moment the first manned launch is tentatively scheduled to occur before the end of this year, with NASA supposedly announcing a firm date before the end of July. This new charge however suggests that the manned launch will not happen until ’23.
Boeing has not simply lost $688 million. It also has lost potential business because of the delays, both from NASA and private citizens. Instead, that business went to SpaceX.
Capitalism in space: Boeing officials revealed yesterday that they have been forced to add another $93 million charge against earnings for its much delayed Starliner manned capsule the company is building.
This is on top of $410 million in the fourth quarter of 2019 and another $185 million in the third quarter of 2021. All together, Boeing has had to cover $688 million in cost growth.
At the moment the first manned launch is tentatively scheduled to occur before the end of this year, with NASA supposedly announcing a firm date before the end of July. This new charge however suggests that the manned launch will not happen until ’23.
Boeing has not simply lost $688 million. It also has lost potential business because of the delays, both from NASA and private citizens. Instead, that business went to SpaceX.