Close Menu
Canndoras Box
  • Home
  • History
  • Cannabis
  • Cannabis Tech
  • Hemp
  • CBD
  • THCA
  • News
  • Business
  • Cannabis Bust
    • Cannabis Pioneers

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

7 Best CBD Capsules of 2025

April 25, 2025

Best CBD Oils for Joint Pain in 2025

February 27, 2025

CBD CoP16 – What is CBD CoP16 and why is it important to rhinos?

October 31, 2024
Facebook X (Twitter) Instagram
Canndoras Box
  • Home
  • About Us
  • Advertise with Us
  • DMCA Policy
  • Privacy Policy
  • Terms & Conditions
  • Home
  • History
  • Cannabis
  • Cannabis Tech
  • Hemp
  • CBD
  • THCA
  • News
  • Business
  • Cannabis Bust
    • Cannabis Pioneers
Canndoras Box
Home » Boeing is considering exiting the space business
Business

Boeing is considering exiting the space business

adminBy adminOctober 25, 2024No Comments2 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link


A Boeing assembly building is seen during a welcome ceremony prior to the agency's launch of SpaceX Crew 9 at Kennedy Space Center in Cape Canaveral, Florida, on September 21, 2024. Image: Miguel J. Rodriguez Carrillo/Stringer (Getty Images)

in this story

Boeing (BA-0.03%), an aerospace company with a storied past of working with NASA, is considering selling its space-focused programs, including its Starliner spacecraft and operations of the International Space Station (ISS).

McDonald's faces first lawsuit over Quarter Pounder E. coli outbreak

Sources told The Wall Street Journal that the move is part of new Boeing CEO Kelly Ortberg's strategy to simplify Boeing's portfolio amid continued financial challenges.

Boeing's stock price rose 1% that day. The company did not respond to a request for comment from Quartz.

Ortberg, who took over as CEO in August, has prioritized restructuring and asset sales to offset Boeing's financial losses.

The company's largest union recently extended its strike, halting most aircraft production. Members of the International Association of Machinists and Aerospace Workers (IAM), the union representing striking employees, rejected the company's latest proposal on Wednesday. Two key issues are the size of the raises — IAM is seeking a 40% raise — and the restoration of Boeing's pension, which was cut a decade ago as a perk for new employees.

At the same time, the company's defense and space division was hampered by delays, resulting in losses of $3.1 billion in the first three quarters of 2024.

“It's better to do less and do better than to do more and do it less well,” Ortberg told investors on a conference call this week.

Boeing and NASA's partnership goes back decades, from supporting the Apollo program to being the prime contractor for the ISS. These days, however, SpaceX has largely taken over the role as NASA's primary partner. After problems arose during Starliner's debut manned spaceflight, NASA chose to transport astronauts on SpaceX's Crew Dragon.

Boeing is expected to continue its role overseeing NASA's Space Launch System (SLS), the rocket the administration plans to use for future moon missions. SLS completed its first mission in 2022, despite facing quality control challenges.

Potential buyers for the Boeing-NASA contract also include Blue Origin, owned by Jeff Bezos. Boeing previously had discussions with Blue Origin about taking over parts of the NASA program.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
admin
  • Website

Related Posts

Boeing expected to maintain El Segundo satellite business

October 31, 2024

Lycoming County Transportation Services Helps Hurricane Helen Victims

October 30, 2024

Starbucks will soon stop charging surcharges on non-dairy milk

October 30, 2024
Leave A Reply Cancel Reply

Don't Miss
History

7 Best CBD Capsules of 2025

Tester Christine Karin tried the 100 mg version of the CBDMD softgel. She found it…

Best CBD Oils for Joint Pain in 2025

February 27, 2025

CBD CoP16 – What is CBD CoP16 and why is it important to rhinos?

October 31, 2024

Boeing expected to maintain El Segundo satellite business

October 31, 2024
Top Posts

Keep your kids safe from marijuana this Halloween

October 31, 2024

Cannabis and professional pickleball form first-ever sponsorship deal

October 30, 2024

Massachusetts cannabis regulator approves new industry rules

October 30, 2024

Flora Growth expands German cannabis presence with Curaleaf deal and parallel import business

October 30, 2024

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to CannDora’s Box!

At CannDora’s Box, we are passionate about providing you with the latest and most relevant information in the ever-evolving world of cannabis. Our mission is to be your go-to resource for everything related to cannabis culture, including breaking news about cannabis busts, innovative new strains, and the latest in cannabis technology.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

7 Best CBD Capsules of 2025

April 25, 2025

Best CBD Oils for Joint Pain in 2025

February 27, 2025

CBD CoP16 – What is CBD CoP16 and why is it important to rhinos?

October 31, 2024
Most Popular

7 Best CBD Capsules of 2025

April 25, 2025

Greece Wants to Manage Tourists on Overrun Santorini for Summer 2024

January 5, 2020

Country Music Superstar to Host Enormous Concert to Benefit Hall of Fame

January 6, 2020
  • Home
  • About Us
  • Advertise with Us
  • DMCA Policy
  • Privacy Policy
  • Terms & Conditions
© 2025 canndorasbox. Designed by canndorasbox.

Type above and press Enter to search. Press Esc to cancel.