Boeing has now lost $1.1 billion on Starliner, with no crew flight in sight

L4sBot@lemmy.worldmod to Technology@lemmy.world – 146 points – Boeing has now lost $1.1 billion on Starliner, with no crew flight in sight
arstechnica.com

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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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.