The Starliner program, Boeing's ambitious project to develop a crewed spacecraft for NASA, has incurred a staggering $523 million loss in 2024. This significant setback follows a series of challenges, including a failed crewed mission last summer due to a propulsion system malfunction.
Boeing 's Starliner spacecraft program has incurred a significant financial loss of $523 million for 2024, marking its largest single-year loss to date. This setback comes after a series of challenges for the program, including a troubled first crewed mission last summer. During that flight, a malfunction in Starliner 's propulsion system forced NASA to abort the mission and return the capsule to Earth empty.
The cost overruns and delays associated with Starliner have added to Boeing's mounting financial losses, exceeding $2 billion. The company operates under a fixed-price contract with NASA, which means they are responsible for covering any unforeseen expenses. This contractual structure exposes Boeing to further financial risks as similar losses could materialize in future periods. Despite the setbacks, Boeing remains committed to the Starliner program. The company has indicated that it is exploring potential flight opportunities in 2025. However, NASA has stated that the timing and configuration of Starliner's next mission will hinge on Boeing's progress in achieving system certification and resolving the propulsion issues. In the meantime, NASA has entrusted SpaceX with both of its crewed missions scheduled for spring and late summer 2024
Starliner Boeing NASA Spacecraft Loss Propulsion System Cost Overruns Delay Spacex
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