Boeing Faces $1.85 Billion Loss on Troubled Starliner Program
The aerospace giant struggles with technical issues and financial setbacks while evaluating future commitments.
- Boeing's Starliner program has accumulated $1.85 billion in losses due to ongoing technical challenges and delays.
- The recent crewed test flight in June faced thruster and helium leak issues, leading to an uncrewed return to Earth.
- Boeing's new CEO, Kelly Ortberg, indicates the company will not abandon its fixed-price contracts despite financial losses.
- NASA continues to support Starliner's development but has shifted some crew missions to SpaceX due to reliability concerns.
- The future of Starliner remains uncertain as Boeing reassesses its portfolio and NASA plans to decommission the ISS by 2030.