Boeing's Starliner Losses Top $2 Billion (spacenews.com) 7
After a $523 million charge on its CST-100 Starliner program in 2024, Boeing's total losses on the commercial crew vehicle now exceed $2 billion -- and there's still no clear timeline for its next flight. SpaceNews reports: 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."
The company had reported a $125 million charge in the second quarter and a $250 million charge in the third quarter. The company warned Jan. 23 it would take an additional loss in the fourth quarter but did not disclose a figure when it released its financial results five days later. The annual loss implies a $148 million loss in the fourth quarter.
The $523 million in charges is the most Boeing has recorded in a single year on Starliner, exceeding $489 million it reported in 2019. The company's cumulative charges on Starliner are now just over $2 billion. "Risk remains that we may record additional losses in future periods," the company stated in the 10-K filing.
The company had reported a $125 million charge in the second quarter and a $250 million charge in the third quarter. The company warned Jan. 23 it would take an additional loss in the fourth quarter but did not disclose a figure when it released its financial results five days later. The annual loss implies a $148 million loss in the fourth quarter.
The $523 million in charges is the most Boeing has recorded in a single year on Starliner, exceeding $489 million it reported in 2019. The company's cumulative charges on Starliner are now just over $2 billion. "Risk remains that we may record additional losses in future periods," the company stated in the 10-K filing.
NASA is going to save them (Score:2)
NASA is going to save them with the money they will make with a Twitch stream,see previous article on the front page:
https://science.slashdot.org/s... [slashdot.org]
Why don't Boeing do their own development? (Score:2)
And they have done that, almost.
But AFAICT they have not even attempted to go beyond that. To make designs and even prototypes for a better Starliner 2, to invest their shareholders money in future vehicle development so that they have something to offer to NASA or other customers.
Is that not a bit short-sighted, given what their greatest competitor has done?
What *have* they done to show NASA that Boeing has better knowhow than other companies to make them wo
Re: Why don't Boeing do their own development? (Score:2)
Re: (Score:2)
Re: (Score:3)
They are done. Same as with so many other companies including some of the big tech ones. It's not that the leadership is dumb or are only beancounters, it's not that there are no resources available, it's not that there are no smart people in the company, it's not that there are no ideas. It's just such a massive organization that any movement they make hurts. Any innovation they make get lost in the mountains of red tape. They don't have the energy for a new race, they are just done.
Make the ceo pay (Score:1)