Boeing said it's lost another $250 million on the Starliner project

• Boeing has recorded different $250 cardinal nonaccomplishment connected its Starliner program.
• New CEO Kelly Ortberg said Boeing will not locomotion distant from its loss-making contracts.
• Boeing has mislaid $1.85 cardinal connected nan Starliner programme to date.

Aerospace shaper Boeing said connected Wednesday that it was incurring an further $250 cardinal complaint against net connected its beleaguered Starliner program.

Boeing's Starliner spacecraft underwent a crewed formation trial successful June, during which it successfully docked astatine nan International Space Station.

However, issues pinch nan Starliner's thrusters and helium leaks caused nan eight-day ngo to resistance on. The Starliner yet returned to Earth and landed successful New Mexico on September 6 without its unit members — NASA astronauts Butch Wilmore and Suni Williams.

Wilmore and Williams are group to make their return to Earth successful February 2025 connected a SpaceX spacecraft instead.

On Wednesday, Boeing said successful its third-quarter net filing to nan SEC that it had "increased nan reach-forward nonaccomplishment connected nan program" by $250 cardinal to "reflect schedule delays and higher testing and certification costs."

This is successful summation to nan $125 cardinal complaint against net Boeing recorded successful nan 2nd 4th of this year. Boeing has mislaid $1.85 cardinal connected nan Starliner programme to date.

Boeing's recently minted CEO, Kelly Ortberg, who took complete nan apical occupation successful August, did not remark straight connected nan Starliner programme during an net telephone that took spot connected nan aforesaid day.

But Ortberg told analysts connected Wednesday that location is "no magic bullet" for immoderate of nan "tough contracts" Boeing has entered into.

"We're going to person to activity our measurement done immoderate of those reliable contracts," Ortberg said connected Wednesday.

When asked if Boeing would driblet immoderate of its loss-making contracts, Ortberg said it wasn't a "viable option" for nan company.

"Even if we wanted to, I don't deliberation we tin locomotion distant from these contracts," Ortberg said. "These are our halfway customers that request this capability."

Representatives for Ortberg astatine Boeing didn't respond to a petition for remark from Business Insider sent extracurricular regular business hours.

The issues pinch Boeing's Starliner programme are 1 of nan galore challenges Ortberg faces successful trying to move things astir for nan aerospace manufacturer.

Boeing faced aggravated scrutiny successful January aft a door plug flew off a Boeing 737 Max 9 during an Alaskan Airlines formation from Oregon to California.

Several whistleblowers person since travel guardant to express concerns astir really Boeing maintains its craft and handles faulty level parts, according to a Senate subcommittee report connected Boeing's information and value practices.

Boeing's workers person besides been connected onslaught since September 13, aft workers demanded a 40% salary hike.

The institution has offered to summation wages by 25%, 30%, and 35%, but workers person rejected all 3 proposals.

On Wednesday, Boeing reported a net nonaccomplishment of $6.1 billion successful nan 3rd 4th of 2024. It recorded a nonaccomplishment of much than $1.4 cardinal successful nan erstwhile quarter.

Boeing's shares are down astir 40% twelvemonth to date.