Boeing takes another loss for Starliner delays
Posted: Sun, Oct 30, 2022, 10:04 AM ET (1404 GMT)
Boeing took another charge against earnings because of delays in its CST-100 Starliner commercial crew program. In an SEC filing Wednesday, the company said it recorded a $195 charge in the third quarter. The primary reason for this charge was to address delays in its first three post-certification, or operational, flights that the company previously thought would be completed by 2024 but instead will be done in 2026. Boeing has now recorded $886 million in losses on Starliner because of delays in the vehicle's development.
Boeing took another charge against earnings because of delays in its CST-100 Starliner commercial crew program. In an SEC filing Wednesday, the company said it recorded a $195 charge in the third quarter. The primary reason for this charge was to address delays in its first three post-certification, or operational, flights that the company previously thought would be completed by 2024 but instead will be done in 2026. Boeing has now recorded $886 million in losses on Starliner because of delays in the vehicle's development.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
NASA IG cites overconfidence and unrealistic schedules for Starliner woes
Posted: Sat, Jul 4 8:11 PM ET (0011 GMT) |
|
news links
|
|
Sunday, July 5
Live updates from SpaceX Starlink satellite launch over July 4 weekend
Florida Today — 8:39 am ET (1239 GMT) Here's the history of the huge US flag on NASA's Vehicle Assembly Building
Florida Today — 8:38 am ET (1238 GMT) Saturday, July 4
Southern Launch closes $25 million funding round lead by Australia’s leading National Security Investment Firm Brindabella and Company and the National Reconstruction Fund Corporation
Southern Launch — 5:22 pm ET (2122 GMT) Where Minds Meet to Launch Space Economy Association Off the Ground
Asia News Network — 5:21 pm ET (2121 GMT) Nebex Raises $30M Seed Round Led by GV to Build Market Infrastructure for the Global Space Economy
Business Wire — 5:19 pm ET (2119 GMT) |
