(Bloomberg) -- After a humiliating setback to its space ambitions, Boeing Co. faces a dilemma that pits its national duty against strained cash reserves.Most...
-- After a humiliating setback to its space ambitions, Boeing Co. faces a dilemma that pits its national duty against strained cash reserves.With Housing Costs High, Democrats Hone YIMBY Message
Seth Seifman, an analyst at JPMorgan, said in a note Monday that the decision “could result in further Starliner losses for Boeing.” “Do they ultimately exit the program because it’s too complicated,” Boeing can’t recover its investment, “and because the other guy can do it better?” said Robert Spingarn, an analyst with Melius Research. “It can happen.”
“The risk would be ongoing cost overruns and delays as Boeing works toward completing its six contracted missions,” Sheila Kahyaoglu of Jefferies said in a report to clients Monday. She estimates that additional delays could cost Boeing around $500 million a year. “I know this is not the decision we had hoped for, but we stand ready to carry out the actions necessary to support NASA’s decision. The focus remains first and foremost on ensuring the safety of the crew and spacecraft,” Nappi said.
For all its setbacks, Boeing remains the agency’s best hope for pursuing a multiplayer strategy, Swope said. If Boeing were to back out of its contract, “That’s not a good outcome for NASA either. They’d have to start over with commercial crew,” Swope said. “If Boeing can fix its commercial airplanes business, what happens in space is a lot less relevant,” said Spingarn of Melius Research.Meta Platforms, Inc. : A Good Technology Stock To Buy For Long Term
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