Boeing's CST-100 Starliner spacecraft has incurred cumulative losses exceeding $2 billion, raising concerns about the program's viability. The company has not provided detailed plans for Starliner's future.
Financial Overview
2024 Financial Impact: Boeing reported over $500 million in charges related to the Starliner program in 2024, bringing total losses to just over $2 billion.
Cumulative Losses: As of the end of 2024, Boeing's total losses on the Starliner program have reached approximately $2 billion.
Program Challenges
The Starliner program has faced multiple setbacks, including delays and technical issues, which have contributed to the escalating costs. Despite these challenges, Boeing has not publicly outlined a clear strategy for the spacecraft's future missions or development.
Industry Implications
Boeing's financial struggles with the Starliner program occur amidst broader challenges within the company, including significant losses in other divisions. The aerospace giant reported its second-largest annual loss since 2020, totaling $11.8 billion, due to a safety crisis and a prolonged workers' strike.
