Boeing’s Starliner Charges Approach $900 Million

By Aazam

In a filing with the U.S. Securities and Exchange Commission, Boeing disclosed a $195 million charge it attributed to Starliner for its fiscal third quarter.

It follows a charge of $93 million that was published in its financial results for the company's second quarter on July 27.

The company took an additional $185 million charge in October 2021 when valve problems delayed the OFT-2 mission.

The business blamed the charges in the last two quarters on increasing expenditures to prepare Starliner for its maiden flight with astronauts, the Crew Flight Test mission, now scheduled for February 2023.

Six post-certification trips are a part of Boeing's commercial crew contract, which NASA awarded to the company in 2014

NASA gave SpaceX the same amount of money, but twice more missions were added to the contract, bringing the overall number of missions to 14 as of the end of August

Additionally, the commercial crew charge was not mentioned by the corporation in an earnings call.

The business did issue a warning in the SEC filing that the Starliner program's most recent charge would not be the last

Therefore, annually, NASA would commission one commercial flight from each of the companies

NASA to Discuss Latest EMIT Findings, Helps Address Climate Change