Boeing’s Starliner : Boeing’s Starliner launch delayed again due to new issues, while SpaceX progresses.
Boeing had problems with Starliner project due to two new challenges. The company had to delay the launch for adjustments. This was done for customers. This setback is one of many for Starliner, casting doubt on its development rate.
NASA awarded Boeing a fixed-price contract for Starliner development in 2014, and the corporation’s losses have remained consistent. The deal was valued at approximately $4.5 billion. The costs total $1.47 billion, as per the yearly records and latest quarterly report on the company’s website.
Boeing’s losses ranged from $57 million in 2018 to $489 million in 2019. In 2019, the company is projected to lose $489 million more. Losses to worsen in 2019. Elon Musk’s SpaceX, Boeing’s rival, is almost done with all six NASA missions it was contracted for, ahead of Boeing’s first test flight. This will occur prior to Boeing’s initial test flight.
Boeing’s CEO, Dave Calhoun, stays calm amid financial challenges. He assured investors of the company’s collaboration with NASA on the Starliner spacecraft. Calhoun emphasized the importance of safety commitment and dedication to project success. These were two main points he discussed.
Boeing’s military, space, and security division had bigger Q2 losses despite Starliner project concerns. After an exam, the T-7A trainer program had a $170 million deficit, and the MQ-25 unit was fined $61 million. Both outcomes were due to the investigation.
Boeing admitted Air Force One program caused losses, costing over one billion dollars in Trump’s administration.
SpaceX’s success puts pressure on Boeing to complete Starliner. Thisis because of SpaceX’s recent success. In the space race, all eyes are on these companies as they compete to reach the final frontier first