this post was submitted on 26 Oct 2023
119 points (94.1% liked)

Technology

58092 readers
3147 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

Boeing says it can’t make money with fixed-price contracts::"Rest assured we haven't signed any fixed-price development contracts, nor intend to."

you are viewing a single comment's thread
view the rest of the comments
[–] autotldr@lemmings.world 1 points 10 months ago

This is the best summary I could come up with:


Boeing released its third-quarter results on Wednesday, and there were promising numbers showing increasing revenues and narrowing losses as the multinational corporation continues its economic recovery.

This division, which includes missile production for the military and space activities such as satellites and the Starliner spacecraft, lost $1.7 billion during the first three quarters of this year.

Notably, the pair pinned the blame for performance by its defense and space division, referred to internally as BDS, on fixed-price contracts.

Boeing has been developing Starliner for more than a decade and is running six years behind its original goal of flying crew to the International Space Station for NASA in 2017.

As it has sought to compete with SpaceX on a purely fixed-price contract for crew transport, Boeing has reported more than $1 billion in losses to date and still has yet to fly its first astronaut mission.

After an issue was discovered with the soft links in Starliner's parachute design this summer, Boeing has had to work with Airborne to strengthen the main canopy suspension lines.


The original article contains 662 words, the summary contains 175 words. Saved 74%. I'm a bot and I'm open source!