Boeing Corporation is exploring the possibility of selling its space business, in which it worked with NASA to create the Starliner spacecraft for flights to the ISS, The Wall Street Journal reported, citing sources familiar with the company’s plans.
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The company’s new CEO, Kelly Ortberg, insists on selling assets to optimize costs. The terms of the deal are still in an early stage of development, the publication clarifies, but Ortberg has already begun looking for buyers for Starliner and other projects with NASA.
At the same time, Boeing will continue its participation in the Space Launch System project to explore the Moon as part of NASA’s Artemis I mission.
The space business is part of Boeing’s defense division, which produces fighter jets and helicopters for the Pentagon. The losses of this division amounted to 3.1 billion dollars with revenues of 18.5 billion dollars in the period January-June 2024.
Boeing has already negotiated with Joseph Bezos’ Blue Origin to sell some of the programs it is implementing together with NASA.
Since mid-September there has been a massive strike at Boeing; Some 30 thousand workers have demanded higher salaries. In October, Boeing announced its decision to cut 10% of its workforce (17,000 people), after which Ortberg asked to focus on work and innovation in key areas and not disperse efforts.
The company wants to raise $15 billion through common stock and mandatory convertible bonds to overcome the crisis.
NASA and Boeing launched crewed Starliner to the ISS for the third time on June 3. For some time the ship had problems with its engine and its parachute could not return to Earth. In September, Starliner was able to return, but the astronauts chose to remain on the station.
Author:
Ekaterina Strukova
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
