The Boeing Company is looking for buyers to sell its Starliner spacecraft and other NASA projects, the Wall Street Journal revealed in a report on Friday, citing sources familiar with the matter.
According to the report, Boeing's new Chief Executive Officer, Kelly Ortberg, plans to avert the company's growing financial crisis by streamlining it and cutting its losses. As part of these efforts, the company plans to sell its NASA business, including the operations supporting the International Space Station. The report also states that Boeing is expected to remain overseeing the Space Launch System.
Yesterday, Boeing's factory workers rejected the company's contract offer to increase their wages by 35% over four years and extended their strike. The company's latest earnings report showed a decline in revenue and a net loss of $6.2 billion in the third quarter of fiscal 2024.
