Tag Archives: Boeing
Boeing losses on Starliner increase by $250 million
Top Stories Tamfitronics Boeing's CST-100 Starliner approaching the ISS before docking on the Crew Flight Test mission June 6. Credit: NASAWASHINGTON — Boeing is taking another charge against earnings of $250 million on its CST-100 Starliner commercial crew program as the company’s new leader vowed it will not walk away from troubled programs like it.In a filing with the U.S. Securities and Exchange Commission Oct. 23, Boeing disclosed it took the charge in its fiscal third quarter “primarily to reflect schedule delays and higher testing and certification costs.” This is in addition to a $125 million loss the company recorded in the second quarter.The company had warned Oct. 11 that it would take a total of $2 billion in charges in the third quarter on four fixed-price programs in its Defense, Space and Security, or...
Boeing Space Business is For Sale
NASA Space Technology Home » Military » Boeing Space Business is For SaleBoeing is trying to sell the Starliner spacecraft and the ISS support operations that the company performs.Boeing will keep overseeing the Space Launch System. NASA still gives about $3-4 billion per year for Space Launch System.Boeing as part of ULA launched 7 spacecraft while SpaceX launched 525 in the first quarter of 2024.Airbus announced it will layoff 2500 employees from now to mid-2026. French media blames SpaceX.Boeing is laying off 10% of its staff. Boeing layoffs are more related to all of the passenger plane problems and a large strike from the mechanics union.Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many...
Boeing layoffs, Facebook firings, meat recalls, and Big Tech goes nuclear: Business news roundup
Business new tamfitronics Image: John Greim / Contributor (Getty Images), Justin Sullivan / Staff (Getty Images), Joe Raedle (Getty Images), Photo: Patrick T. Fallon/AFP (Getty Images), AWS, Chip Somodevilla (Getty Images), MIGUEL J. RODRIGUEZ CARRILLO/AFP (Getty Images), CFOTO/Future Publishing (Getty Images)Image: John Greim / Contributor (Getty Images)Hundreds of products sold in the nation’s top grocery chains, including Walmart (WMT), Hooks (KR), 7-Eleven (SVNDY), and Trader Joe’s, have been recalled over concerns of listeria contamination. Read MoreA pedestrian walks in front of a new logo and the name ‘Meta’ on the sign in front of Facebook headquarters on October 28, 2021 in Menlo Park, California.Image: Justin Sullivan / Staff (Getty Images)Meta (META), the parent company of Facebook, Instagram and WhatsApp, fired over 20 employees last week for abusing the company’s food credit system to buy household...
Boeing layoffs, Facebook firings, meat recalls, and Big Tech goes nuclear: Business news roundup
Business new tamfitronics Image: John Greim / Contributor (Getty Images), Justin Sullivan / Staff (Getty Images), Joe Raedle (Getty Images), Photo: Patrick T. Fallon/AFP (Getty Images), AWS, Chip Somodevilla (Getty Images), MIGUEL J. RODRIGUEZ CARRILLO/AFP (Getty Images), CFOTO/Future Publishing (Getty Images)Image: John Greim / Contributor (Getty Images)Hundreds of products sold in the nation’s top grocery chains, including Walmart (WMT), Hooks (KR), 7-Eleven (SVNDY), and Trader Joe’s, have been recalled over concerns of listeria contamination. Read MoreA pedestrian walks in front of a new logo and the name ‘Meta’ on the sign in front of Facebook headquarters on October 28, 2021 in Menlo Park, California.Image: Justin Sullivan / Staff (Getty Images)Meta (META), the parent company of Facebook, Instagram and WhatsApp, fired over 20 employees last week for abusing the company’s food credit system to buy household...
