Boeing’s Starliner losses total $1.5 billion with NASA astronauts still waiting to fly

Boeing’s Starliner losses total $1.5 billion with NASA astronauts still waiting to fly

Credit Cards





Credit Monitoring

Personal Finance

Small Business


Help for Low Credit Scores



All Credit Cards

Find the Credit Card for You

Best Credit Cards

Best Rewards Credit Cards

Best Travel Credit Cards

Best 0% APR Credit Cards

Best Balance Transfer Credit Cards

Best Cash Back Credit Cards

Best Credit Card Welcome Bonuses

Best Credit Cards to Build Credit


All Loans

Find the Best Personal Loan for You

Best Personal Loans

Best Debt Consolidation Loans

Best Loans to Refinance Credit Card Debt

Best Loans with Fast Funding

Best Small Personal Loans

Best Large Personal Loans

Best Personal Loans to Apply Online

Best Student Loan Refinance


All Banking

Find the Savings Account for You

Best High Yield Savings Accounts

Best Big Bank Savings Accounts

Best Big Bank Checking Accounts

Best No Fee Checking Accounts

No Overdraft Fee Checking Accounts

Best Checking Account Bonuses

Best Money Market Accounts

Best CDs

Best Credit Unions


All Mortgages

Best Mortgages

Best Mortgages for Small Down Payment

Best Mortgages for No Down Payment

Best Mortgages with No Origination Fee

Best Mortgages for Average Credit Score

Adjustable Rate Mortgages

Affording a Mortgage


All Insurance

Best Life Insurance

Best Homeowners Insurance

Best Renters Insurance

Best Car Insurance

Travel Insurance


All Credit Monitoring

Best Credit Monitoring Services

Best Identity Theft Protection

How to Boost Your Credit Score

Credit Repair Services


All Personal Finance

Best Budgeting Apps

Best Expense Tracker Apps

Best Money Transfer Apps

Best Resale Apps and Sites

Buy Now Pay Later (BNPL) Apps

Best Debt Relief


All Small Business

Best Small Business Savings Accounts

Best Small Business Checking Accounts

Best Credit Cards for Small Business

Best Small Business Loans

Best Tax Software for Small Business


All Taxes

Best Tax Software

Best Tax Software for Small Businesses

Tax Refunds


All Help for Low Credit Scores

Best Credit Cards for Bad Credit

Best Personal Loans for Bad Credit

Best Debt Consolidation Loans for Bad Credit

Personal Loans if You Don't Have Credit

Best Credit Cards for Building Credit

Personal Loans for 580 Credit Score or Lower

Personal Loans for 670 Credit Score or Lower

Best Mortgages for Bad Credit

Best Hardship Loans

How to Boost Your Credit Score


All Investing

Best IRA Accounts

Best Roth IRA Accounts

Best Investing Apps

Best Free Stock Trading Platforms

Best Robo-Advisors

Index Funds

Mutual Funds



In this article

Boeing on Wednesday reported a $257 million charge in the second quarter for its Starliner astronaut spacecraft program, bringing the program's to-date overrun costs to $1.5 billion as delays continue.

The aerospace giant blamed the charge on its decision last month to indefinitely delay the first crewed Starliner launch. Starliner was scheduled to launch in late July and carry a pair of NASA astronauts to the International Space Station.

But Boeing discovered two new problems with Starliner and called off the launch to correct the issues. The delay was the latest in a series of disruptions in Boeing's development of Starliner.

Sign up here to receive weekly editions of CNBC's Investing in Space newsletter.

Since 2014, when NASA awarded Boeing with a nearly $5 billion fixed-price contract to develop Starliner, the company has recorded losses on the program almost every year. The charges total $1.47 billion, according to its annual reports and the company's most recent quarterly filing.

The annual losses have ranged from $57 million in 2018 to $489 million in 2019.

Boeing's program competes with Elon Musk's SpaceX, which is poised to finish all six of its originally contracted NASA missions before Boeing flies its first.

Still, Boeing CEO Dave Calhoun said on an earnings call Wednesday that the manufacturer is in lockstep with NASA on Starliner development.

We prioritize safety, and we're taking whatever time is required. We're confident in that team and committed to getting it right, Calhoun said.

Boeing recorded other losses in its defense, space and security unit for the second quarter: a $189 million loss in the T-7A trainer jet program and $68 million charge on its MQ-25 unit.

Boeing last year announced additional losses on the Air Force One program, bringing charges on the contract negotiated with the Trump administration to above $1 billion.

Got a confidential news tip? We want to hear from you.

Sign up for free newsletters and get more CNBC delivered to your inbox

Get this delivered to your inbox, and more info about our products and services.

© 2023 CNBC LLC. All Rights Reserved. A Division of NBCUniversal

Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

Data also provided by