Boeing takes additional charge for Starliner astronaut capsule, bringing cost overruns to near $700 million

Boeing takes additional charge for Starliner astronaut capsule, bringing cost overruns to near 0 million


Boeing’s Starliner spacecraft is seen before docking with the International Space Station on May 20, 2022 during the uncrewed OFT-2 mission.

NASA

Boeing disclosed a charge of $93 million in the second quarter for its Starliner astronaut capsule program, bringing the program’s overrun costs to nearly $700 million.

The aerospace giant said the latest charge was “primarily driven by launch manifest updates and additional costs associated with OFT-2,” or Orbital Flight Test 2. The second uncrewed flight of Starliner successfully completed a six-day-long mission in May, reaching a critical test objective – docking with the International Space Station – as Boeing prepares for the capsule to carry astronauts.

Boeing’s latest Starliner-related charge means the company has absorbed $688 million in costs from delays and additional work on the capsule to date.

The company has been developing its Starliner spacecraft under NASA’s Commercial Crew Program, having won nearly $5 billion in contracts to build the capsule. Boeing’s program competes with Elon Musk’s SpaceX, which finished development of its Crew Dragon spacecraft and is now on its fourth operational human spaceflight for NASA.

Boeing was once seen as evenly matched with SpaceX in the race to launch NASA astronauts, but fell behind due to development setbacks.

The next Starliner mission is expected to be the Crew Flight Test, or CFT, flying the first astronauts onboard the capsule. However, Boeing is examining whether to redesign the Aerojet Rocketdyne-made propulsion valves on Starliner, which malfunctioned during the company’s first attempt to launch the OFT-2 mission in August 2021.



Source

Nearly one-third of major U.S. housing markets now see falling home prices
Business

Nearly one-third of major U.S. housing markets now see falling home prices

A sign is posted in front of a home for sale in San Rafael, California, on Aug. 7, 2024. Justin Sullivan | Getty Images Overinflated home prices, high mortgage rates, rising supply and falling demand are all joining forces to cool the nation’s housing market. Annual home price growth in June was just 1.3%, down […]

Read More
Starbucks employees to return to the office four days a week — or take a payout
Business

Starbucks employees to return to the office four days a week — or take a payout

The Starbucks headquarters is seen at Starbucks Center on July 3, 2024 in Seattle, Washington. David Ryder | Getty Images Starbucks corporate employees will have to return to the office four days a week starting in October, the company announced on Monday. For workers who would prefer to leave the company instead of heading back […]

Read More
Tax cuts for private jet buyers expected to lead to surge in sales
Business

Tax cuts for private jet buyers expected to lead to surge in sales

Private jets parked at the Friedman Memorial Airport during the Allen & Company Sun Valley Conference on July 10, 2025 in Sun Valley, Idaho. Kevin Dietsch | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive […]

Read More