Boeing Co.’s engineering failure did not begin. ending with the 737 MAX. The once-controlled space program, which helped put Americans on the moon five decades ago, has also struggled.
Defective design, software errors and excessive harmful costs have been the biggest space missions in the company. It has recently entered into contracts with the National Aeronautics and Space Administration to return science experiments and astronauts to the moon, amid low price ratings and technical merits. Boeing needs revenue from its defense and space arm, which does everything from armored jets to satellites, like a safety net while navigating through MAX emergencies and slowing down demand for jets new commercial in the pandemic.
Their space ambitions will soon be put to the test with another attempt at launching a capsule with the Starliner. In the first release, just over a year ago without astronauts on board, a Starliner software error entered the wrong orbit, and then another threatened a catastrophic end to the mission. A successful launch, which could come as early as March, would help restore the company ‘s reputation for reliability and engineering capability.
The difficulties are a major challenge for Chief David Calhoun a year into his tenure as he registers a new course despite the uncertainty posed by the pandemic.
After making a record high of $ 10.5 billion in 2018, Boeing has lost nearly half of that amount since September 30, largely due to a sharp drop in commercial aircraft delivery and associated costs. to MAX. Defense and place revenue of $ 19.5 billion in the first nine months of last year dropped its commercial unit in sales by $ 11.4 billion. Jefferies analysts estimate that Boeing generated more than $ 6 billion in space revenues for last year.