Boeing to take $410 million earnings charge because of commercial crew
Posted: Sat, Feb 1, 2020, 8:26 AM ET (1326 GMT)
Boeing said Wednesday it would take a $410 million charge related to its commercial crew program. The company said the primary reason for the charge was to "provision" the company if NASA determined that Boeing needed to perform another uncrewed test flight of its CST-100 Starliner spacecraft. A test flight last month was cut short because of a timer problem, preventing the spacecraft from docking with the International Space Station. Boeing officials said that other aspects of the flight went well, but it will ultimately be up to NASA to decide if a second uncrewed test flight is required or if Boeing can proceed to a crewed test flight as originally planned.
Boeing said Wednesday it would take a $410 million charge related to its commercial crew program. The company said the primary reason for the charge was to "provision" the company if NASA determined that Boeing needed to perform another uncrewed test flight of its CST-100 Starliner spacecraft. A test flight last month was cut short because of a timer problem, preventing the spacecraft from docking with the International Space Station. Boeing officials said that other aspects of the flight went well, but it will ultimately be up to NASA to decide if a second uncrewed test flight is required or if Boeing can proceed to a crewed test flight as originally planned.
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