Boeing logged a nearly $6.2 billion loss for the last three months, while the new boss pledged a turnaround for the troubled aerospace company. Ortberg did not address the Starliner program, which despite being a small part of Boeing's business, represents a major financial issue, accruing total losses of $1.85 billion due to its technical problems and delays. The fixed-price contract with NASA leaves Boeing responsible for any cost overruns, amplifying the risks associated with the program.
The Starliner program has consistently reported financial losses, with the latest quarterly results adding $250 million to its total. As Boeing disclosed in its SEC filing, the company acknowledged that, "risk remains that we may record additional losses in future periods," underlining the ongoing uncertainty surrounding the program. This financial commitment places further pressure on Boeing as it seeks to turn around its performance.
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