Comment on Boeing says it'll lose at least $125 million more as its Starliner aircraft remains stuck in space with no return date

Boeing says it'll lose at least $125 million more as its Starliner aircraft remains stuck in space with no return date

Boeing's Starliner spacecraft lifts off during NASA's Boeing Crew Flight Test in Cape Canaveral, Florida.Joe Raedle/Getty ImagesThe Boeing Starliner's return to Earth is delayed indefinitely, adding $125 million in losses.NASA astronauts have been stuck on the ISS for 57 days due to issues with its propulsion system.Boeing burned through $4.3 billion in cash and reported a $1.44 billion net loss in Q2.As the Boeing Starliner's return to Earth is delayed indefinitely, the aerospace company expects to lose $125 million more.NASA astronauts Suni Williams and Butch Wilmore reached the International Space Station (ISS) via the Starliner on June 6, and were supposed to stay in space for eight days.However, due to thruster issues and helium leaks on the spaceship, they have been stuck there for 57 days and counting, with their return delayed indefinitely.In a Wednesday SEC filing, Boeing said that because of the delays, it has "increased the reach-forward loss on the program by $125 (million)."This was on top of the $288 million additional loss that the company had projected in 2023, per the filing.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News