Boeing writes off another half billion dollars due to Starliner
In filing an annual report to the SEC, Boeing revealed that has written off another half billion dollars due to Starliner delays and technical problems, bringing the total the company has lost on the capsule to more than two billion.
In the company’s 10-K annual filing with the U.S. Securities and Exchange Commission Feb. 3, Boeing said it took $523 million in charges on Starliner in 2024. The company blamed the losses on “schedule delays and higher testing and certification costs as well as higher costs for post certification missions.”
Both Boeing and NASA remain utterly silent on the future of Starliner. It remains uncertified for operational manned flights, which means Boeing continues to earn nothing from it. Will it have to fly another manned mission on its own dime to get that certification? Or will NASA instead pay it to fly a cargo mission to ISS, as rumors have suggested, to prove the capsule is ready for manned flights?
No one knows. Nor do we know if Boeing will either sell off its space division or cancel Starliner entirely and thus free itself of the problem.
In filing an annual report to the SEC, Boeing revealed that has written off another half billion dollars due to Starliner delays and technical problems, bringing the total the company has lost on the capsule to more than two billion.
In the company’s 10-K annual filing with the U.S. Securities and Exchange Commission Feb. 3, Boeing said it took $523 million in charges on Starliner in 2024. The company blamed the losses on “schedule delays and higher testing and certification costs as well as higher costs for post certification missions.”
Both Boeing and NASA remain utterly silent on the future of Starliner. It remains uncertified for operational manned flights, which means Boeing continues to earn nothing from it. Will it have to fly another manned mission on its own dime to get that certification? Or will NASA instead pay it to fly a cargo mission to ISS, as rumors have suggested, to prove the capsule is ready for manned flights?
No one knows. Nor do we know if Boeing will either sell off its space division or cancel Starliner entirely and thus free itself of the problem.