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.”
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.
“Unless you’re a Boeing shareholder” :-(
I bought a few shares of Boeing just before their 737 MAX debacle, and then COVID hit straight after. I thought things might turn around, so I’m apparently just holding the bag until they screw up so badly that I can buy the entire company.
Edit: I’m glad this is happening how it is. I’d rather my Boeing shares went to zero than have NASA be held responsible and everyone pay more tax to bail out Boeing.
You’re reply is almost word for word what I was going to say. They used to be an engineering company, but once the goddamn marketers and business fucks take over, they tend to ruin everything. HP used to be the same thing. And a whole host of other companies that no longer exist.
Won’t anyone think of the shareholders?!
Does Boeing have any recent projects that are an unmitigated success? Everything I see from them is about a new project being a disaster in some manner.
The fact they are even running is quiet surprising. The demographic of Boeing had an average age around 60 change to around 30 In A matter of 5 years. The amount of experience lost is crazy.
The 777X is moving along, albeit somewhat slowly. Boeing has just been limping along.
That’s not an encouraging thought. After the MAX debacle it’s hard to imagine Boeing not launching another death machine. I’ll be sure to steer clear of their new fancy plane.
Boeing is a disaster. If the MAX story isn’t enough to demonstrate how incompetent these idiots are then I don’t know what to tell you.
Nothing good will come of this.
Wonder if they are re-taping it or not.
Fuck yeah. We have far too many problems planetside to be chasing environmentally disastrous dick-waving billionaire ego projects / nationalistic military industrial complex saber rattling in space.
What are the young to dream of if not the stars?
