Connect with us

Hi, what are you looking for?

Webinar News NetworkWebinar News Network

Tech News

Boeing reportedly considers selling off its space business

A photo of Boeing’s Starliner spacecraft in space
Image: Boeing

Kelly Ortberg, who took over as Boeing CEO in August, is weighing the sale of the company’s space division as part of an attempt to turn things around, according to a report from The Wall Street Journal. The plans, which are reportedly at an early stage, could involve Boeing offloading the Starliner spacecraft and its projects supporting the International Space Station.

Boeing is facing a series of predicaments, including a fraud charge over 737 Max plane crashes and Starliner issues that left two astronauts at the ISS for months. Just this week, a Boeing-made satellite for Intelsat stopped working and fell apart suddenly after suffering an “anomaly.”

“We’re better off doing less and doing it better than doing more and not doing it…

Continue reading…

You May Also Like

Politics

With the 2024 U.S. election around the corner, celebrities have been stepping forward to publicly endorse either Vice President Kamala Harris or former President...

Editor's Pick

Jeffrey Miron The standard argument for scope-of-practice (SOP) laws—and more generally, for occupational licensing—is that such regulation improves the quality of services by keeping...

Politics

Gov. Tim Walz, D-Minn., blasted billionaire X and Tesla CEO Elon Musk, calling him a ‘dips—‘ during a rally in swing state Wisconsin on...

Editor's Pick

Alex Nowrasteh Steven Malanga, a senior fellow at the Manhattan Institute and a senior editor of City Journal, argues that there is a crime...