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Original Article Published at Arstechnica
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Boeing announced Monday it lost $523 million on the Starliner crew capsule program last year, putting the aerospace company $2 billion in the red on its NASA commercial crew contract since late 2019.
The updated numbers are included in a quarterly filing with the Securities and Exchange Commission. "Risk remains that we may record additional losses in future periods," Boeing wrote in the filing.
In 2014, NASA picked Boeing and SpaceX to develop and certify two commercial crew transporter vehicles. Like SpaceX, Boeing's contract, now worth up to $4.6 billion, is structured as a fixed-price deal, meaning the contractor is on the hook to pay for cost overruns that go over NASA's financial commitment.
Original Article Published at Arstechnica
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