Boeing may sell part of space business, reports say

Amid mounting losses and a stalemate with its main programs, the company is exploring divesting some businesses such as the troubled Starliner capsule, the Wall Street Journal reported
Boeing Starliner spacecraft
Boeing Starliner spacecraft (NASA)

After selling a small defense subsidiary to France’s Thales Group, Boeing is now exploring selling part of its space business, a Wall Street Journal report said.

Among the projects being considered is the troubled Starliner capsule, designed to operate on the International Space Station, as well as other related programs.

After several delays, NASA launched the first crewed mission in June, but problems with thrusters during docking with the ISS raised questions about the reliability of the system.

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NASA and Boeing then decided to return the spacecraft to Earth empty, keeping the two astronauts on the space station until a mission by rival SpaceX can bring them back in February.

T-7A Red Hawk (Boeing)

The embarrassment added to the program’s significant losses, which totaled US$1.8 billion.

According to the WSJ, if the sale were to take place, it would not include the Space Launch System, a rocket that is part of the Artemis project that plans to return humans to the Moon.

Amid losses of US$6 billion in the third quarter, Boeing saw its Renton and Everett factories, where the 737, 767 and 777 commercial jets are manufactured, enter their sixth week of strike after 64% of the IAM union employees rejected a proposal for a 35% pay increase.

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