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
|
|
FAA restricts hours for commercial launches during shutdown
Posted: Sun, Nov 9 9:05 AM ET (1405 GMT) China postpones Shenzhou-20 return on orbital debris concerns
Posted: Sun, Nov 9 8:58 AM ET (1358 GMT) |
|
news links
|
|
Friday, November 14
The woman fighting to stop Starlink in South Africa
MyBroadband — 5:59 am ET (1059 GMT) Starlink rival ‘Project Kuiper’ rebrands to Amazon Leo
The Verge — 5:59 am ET (1059 GMT) U.S. Space Force Hones Realistic Training For On-Orbit War
Aviation Week — 5:50 am ET (1050 GMT) Blue Origin nails booster landing on second New Glenn launch
Aerospace America — 5:46 am ET (1046 GMT) Jeff Bezos’s Blue Origin pulls off first landing of its largest reusable rocket
Financial Times — 5:46 am ET (1046 GMT) |
