Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Business

Boeing’s Starliner losses top $2 billion after spacecraft program reports worst year yet

by admin February 6, 2025
February 6, 2025
Boeing’s Starliner losses top $2 billion after spacecraft program reports worst year yet

Boeing has lost more than $2 billion and counting on its Starliner spacecraft after a rough year in which the capsule’s first astronaut flight turned into a headache for NASA.

The Starliner program reported charges of $523 million for 2024 — its largest single-year loss to date — Boeing reported in a filing on Monday. The company noted that Starliner is under a fixed-price contract from NASA, so “there is ongoing risk that similar losses may have to be recognized in future periods.”

Since 2014, when NASA awarded Boeing with a nearly $5 billion fixed-price contract to develop Starliner, the company has recorded losses on the program almost every year.

Boeing’s program competes with Elon Musk’s SpaceX, which has flown 10 crew missions for NASA and counting on its Dragon capsules.

Last summer, Boeing’s first crew flight went awry after part of the capsule’s propulsion system malfunctioned. While Starliner delivered astronauts Butch Wilmore and Suni Williams to the International Space Station, NASA made the decision to bring Starliner back empty and use SpaceX to return the crew early this year — an agency choice that recently became politicized.

Neither Boeing nor NASA have provided details on how or when they plan to resolve the Starliner propulsion issue.

Boeing last week confirmed that Starliner Vice President Mark Nappi was leaving his role, Reuters reported, with the company’s ISS program manager John Mulholland named as his replacement. Mullholland previously led the Starliner program from 2011 to 2020.

Nearly four months ago, NASA said it was keeping “windows of opportunity for a potential Starliner flight in 2025,” but scheduled SpaceX to fly both its crews on missions launching in spring and late summer. NASA then specified that “the timing and configuration of Starliner’s next flight will be determined once a better understanding of Boeing’s path to system certification is established.”

The agency has not given an update on Starliner since making those comments in October.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Walmart, Costco, and Sprouts: The Ultimate Trade War Survivors?
next post
Disney tops quarterly profit estimates, but starts to lose Disney+ streaming subscribers

Related Posts

Judge tosses defamation suit against Fox News by...

July 24, 2024

Plummeting stock, boycotts and flagging sales: What’s fueling turmoil for Tesla?

March 18, 2025

Comcast and Harris Blitzer to build new NBA,...

January 14, 2025

Boeing says it’s progressing on safety reforms and...

April 3, 2025

Google makes first foray into fusion in venture...

July 1, 2025

Tesla’s robotaxi launch in tech-friendly Austin has Musk...

June 4, 2025

Consumers are not lovin’ it: McDonald’s has its...

May 2, 2025

Netflix inks deal to stream its first NFL...

May 16, 2024

United Airlines reaches ‘industry-leading’ labor deal with flight...

May 24, 2025

OpenAI closes funding at $157 billion valuation as...

October 3, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • ‘Bold’ general who led US’ ‘Midnight Hammer’ strikes on Iran ends Middle East reign

      August 26, 2025
    • Democrats opposed John Bolton for years — until they sought him as an ally against Trump

      August 26, 2025
    • Top GOP senator defies Trump demand to bend Senate rules for his court picks

      August 26, 2025
    • Trump threatens lawsuit over century-old Senate tradition delaying his nominees

      August 26, 2025
    • Trump threatens lawsuit over ‘blue slips’ as top GOP senator bucks demand to bend Senate rules for nominees

      August 26, 2025

    Categories

    • Business (1,081)
    • Investing (2,905)
    • Politics (3,557)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved