Boeing Takes Another $250 Million Charge for Starliner
Boeing is taking another $250 million charge against earnings to pay for cost overruns on the Starliner commercial crew program. The company is operating under a $4.2 billion fixed price contract with NASA through a Public-Private Partnership where Boeing retains ownership of the spacecraft and NASA purchases services once it is certified as safe for transporting NASA astronauts. That step remains elusive after three test flights and Boeing must cover the extra costs. The company now has spent $1.85 billion of its own money on the program.