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Boeing has now lost $1.1 billion on Starliner, with no crew flight in sight (arstechnica.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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Boeing has now lost $1.1 billion on Starliner, with no crew flight in sight::"We're not really ready to talk about a launch opportunity yet."

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[–] rapscallion@lemmy.world 43 points 1 year ago (3 children)

Because Starliner was funded by NASA through a fixed-price contract, as part of the Commercial Crew program, Boeing is responsible for any cost overruns and financial losses due to delays.

There’s one piece of good news, unless you’re a Boeing shareholder. That aside it’s sad that a former engineering powerhouse like them just lurches from disaster to disaster these days.

[–] byrona@lemmy.world 5 points 1 year ago

Won't anyone think of the shareholders?!

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