According to information from the Wall Street Journal, the ailing American aircraft manufacturer Boeing is considering selling its space division. This involves a separation of affairs with the American space agency NASA and the breakdown-plagued Starliner spacecraft, the newspaper reported on Friday.
A Boeing spokesman said it would not comment on “market rumors or speculation.” Boeing CEO Kelly Ortberg said Wednesday that the company would do well to “do less and do it better, rather than do more and not do it well.”
He did not comment on the space division, but said commercial aircraft and the defense division were “core products” that should remain with Boeing.
Struggles with technical problems
Boeing’s Starliner project to transport astronauts to the International Space Station has long faced technical problems. Currently, competing company SpaceX only transports NASA astronauts to the ISS. But the Boeing Group’s reputation has also suffered in recent years due to numerous incidents involving passenger aircraft.
Big loss for the company
In the third quarter, Boeing recorded a loss of 6.17 billion dollars (5.73 billion euros), while turnover fell by one percent to 17.84 billion dollars. A labor dispute is also currently causing high costs.
Since mid-September, a strike by about 33,000 workers in the Pacific Northwest region has halted the assembly of Boeing’s 737 Max and 777 planes. On Wednesday, staff rejected a new collective bargaining offer from company management.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.