Boeing Co., the largest American aircraft manufacturer, is considering options for implementing the troubled Starliner space program as part of a review of the prospects for its asset portfolio amid growing financial pressure due to a strike by the company's employees. This is reported in a Boeing press release.
The shutdown of the production process worsens the financial situation of Boeing, whose credit ratings are on the verge of bankruptcy with a shortage of funds.
At the moment, no decisions have been made regarding the termination of the Starliner program, and Boeing may decide to keep the business.
Abandoning Starliner will potentially free Boeing from an extremely problematic program, the costs of which exceeded $1.8 billion, including $250 million in the third quarter of 2024 after unsuccessful flight tests.
Boeing management plans to focus resources on the main Boeing divisions in the field of civil aviation and defense enterprises development as part of the optimization of the order portfolio.
Boeing does not refuse NASA contracts related to the development of the International Space Station and Space Launch System (a rocket for delivering American astronauts to the Moon). The refusal to participate in space programs will cause serious changes in the strategy of Boeing, which has been an integral part of American space research, starting with the Saturn V project, which includes the creation of satellites, the X-37B aircraft, the SLS lunar rocket and the management of the ISS.
Boeing and Lockheed Martin Corp. Over the past few years, we have been looking for a buyer to sell the United Launch Alliance joint venture.
Boeing is an American corporation and one of the world's largest manufacturers of aviation, space and military equipment (including helicopters). The company is a participant in large-scale space programs. The corporation consists of two main production divisions — Boeing Commercial Airplanes (civilian products) and Boeing Defense, Space & Security (military products and space technology). It is headquartered in Arlington, Virginia, with manufacturing facilities in Seattle, Washington.
