Boeing has warned of a substantial $1.7 billion pre-tax earnings charge largely due to challenges in its Defense, Space, and Security division, particularly related to the CST-100 Starliner space capsule. Notably, the KC-46A Pegasus tanker and the T-7A trainer programs are contributing significantly to these losses. After failing in prior tests, the Starliner has accumulated losses nearing $2 billion since its inception, with operational setbacks causing delays in crew missions, leading to alternative arrangements with SpaceX for NASA.
Boeing's CST-100 Starliner faces accumulated losses approaching $2 billion due to operational challenges, impacting the company's financial outlook significantly.
The aerospace giant announced a pre-tax earnings charge of $1.7 billion, primarily affecting its Defense, Space and Security division due to multiple program issues.
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