Boeing has suffered major financial losses in its Starliner program, totaling roughly $1.85 billion, raising questions about its future viability and competitive posture.
CEO Kelly Ortberg emphasized that abandoning the Starliner project is not an option, despite the challenges posed by tough contracts and increasing costs in the program.
Despite the struggles with Starliner, Boeing faces broader challenges across its business, with a commercial jet division in crisis and significant labor disputes.
Reported losses include a $125 million write-off and a newly reported $250 million hit in the latest quarter, indicating deepening financial issues with the Starliner initiative.
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