Boeing is reportedly considering selling portions of its space business, including its troubled Starliner program, to streamline operations. The company is facing technical problems and development delays, with over $1.8 billion in cost overruns. NASA astronauts who used the Starliner remain stuck on the International Space Station, with plans to return on SpaceX’s Crew Dragon craft in February. Boeing is also looking to sell its rocket launch joint venture with Lockheed Martin. The company’s CEO is focused on downsizing the number of programs in its portfolio.
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The analysis of the provided text reveals that aerospace giant Boeing is considering selling off portions of its space business, including its troubled Starliner space vehicle and NASA operations, in an effort to streamline its operations. This potential divestment comes amidst development delays and technical problems faced by Boeing’s Starliner program, resulting in private cost overruns and stranded NASA astronauts. Boeing’s move to potentially sell parts of its space business aligns with its new CEO’s goal of downsizing the company’s portfolio to focus on high-quality and successful programs. The article also highlights Boeing’s ongoing strike and the potential sale of its rocket launch joint venture with Lockheed Martin. Overall, these developments indicate a strategic shift within Boeing’s space division and a focus on operational efficiency.
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