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Boeing takes $250 million in additional losses on Starliner
Posted: Sat, Oct 26, 2024, 8:02 AM ET (1202 GMT) Boeing is taking another $250 million in losses on Starliner. The company disclosed the new charge in its fiscal third quarter financial results released Wednesday, bringing the total losses recorded by Boeing to date on the program to about $1.85 billion. New Boeing CEO Kelly Ortberg said in an earnings call that Boeing did not plan to walk away from troubled fixed-price contracts like Starliner and would instead find ways to improve performance on them, including working with customers to "de-risk" issues on them. Ortberg also said Boeing is carrying out a review to see what "fringe" areas of the company, outside of its core of commercial airplanes and defense, it might seek to divest.
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