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...
