Boeing Adds $250 Million To Starliner’s Losses Following Delayed Return In September

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Boeing has booked another loss on its ill fated Starliner spacecraft, which returned empty to Earth last Earth after a considerable delay in space due to problems with its thrusters. Starliner took to the skies in June as part of a two week mission stretched to two months as NASA and the company ran test after test to ensure the ship’s safety to return crew. The agency eventually decided to bring Starliner home uncrewed, with the return portion of the flight performing well and the ship landing successfully in the White Sands range in New Mexico in early September.

Boeing Adds Additional $250 Million Forward Losses To Starliner Program

Over the course of the months leading up to Starliner’s first and only crewed launch in June, Boeing has had to extend the ship’s forward losses several times. The ship was slated to launch its Crew Flight Test (CFT) mission in June 2023, but a design flaw with its parachute lines led to a delay to 2024. This delay led Boeing to book a $288 million forward loss, which meant that the firm decided to apply the loss to its income for future periods to reduce tax liability.

Starliner’s next launch attempt was targeted for May 2024, but three subsequent delays stemming from leaks, computer faults and valve problems pushed the launch to June. Despite the fact that the…