Boeing Faces $125 Million More in Losses as Starliner Remains Stuck in Space

Boeing is bracing for further financial setbacks as its Starliner spacecraft continues to be stranded in space without a return date in sight. The aerospace giant anticipates losing an additional $125 million due to the indefinite delay of the Boeing Starliner's return to Earth.

Delays and Financial Impact

The return of NASA astronauts Suni Williams and Butch Wilmore, who traveled to the International Space Station (ISS) aboard the Starliner on June 6, has been prolonged indefinitely. Originally planned for an eight-day mission, the astronauts have now been marooned on the ISS for 57 days and counting. The extended stay is a result of thruster malfunctions and helium leaks on the spacecraft, forcing Boeing to grapple with mounting financial losses.

Technical Challenges and Setbacks

Boeing's Starliner project has been plagued by a series of setbacks since its inception. Technical issues, such as a pressure relief valve malfunction in the Atlas 5 rocket on May 6 and ground computer failures on June 1, have marred the spacecraft's progress. Although the Starliner successfully launched on June 5, problems with its Reaction Control System (RCS) thrusters and helium supply leaks soon emerged, complicating the mission further.

Path to Resolution

Boeing is actively addressing the challenges faced by the Starliner team, with extensive troubleshooting and preparations underway for the spacecraft's eventual return to Earth. While NASA explores alternative options, including potentially utilizing SpaceX's Crew Dragon spacecraft for the astronauts' safe descent, Boeing remains focused on resolving the technical issues and ensuring a successful mission completion.

Financial Struggles and Investigations

Boeing's financial woes have been exacerbated by the Starliner's prolonged delay, with the company reporting a significant net loss of $1.44 billion in the second quarter of 2024. This financial strain comes amidst ongoing investigations into Boeing's manufacturing practices and safety standards, including a recent criminal fraud charge related to the 737 Max jetliner crashes. As part of a plea agreement, Boeing faces substantial fines and compliance requirements to enhance safety protocols and oversight.

Despite these challenges, Boeing remains committed to addressing the issues at hand and ensuring the safe return of its astronauts aboard the Starliner spacecraft.

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By: abharade@insider.com (Aditi Bharade)
Title: Boeing Faces $125 Million More in Losses as Starliner Remains Stuck in Space
Sourced From: www.businessinsider.com/boeing-bled-125-million-starliner-stuck-with-no-return-date-2024-8
Published Date: Fri, 02 Aug 2024 06:56:14 +0000