Boeing's Starliner Losses Top $2 Billion

After a $523 million charge on its CST-100 Starliner program in 2024, Boeing's total losses on the commercial crew vehicle now exceed $2 billion -- and there's still no clear timeline for its next flight. SpaceNews reports: In the company's 10-K annual filing with the U.S. Securities and Exchange Commission Feb. 3, Boeing said it took $523 million in charges on Starliner in 2024. The company blamed the losses on 'schedule delays and higher testing and certification costs as well as higher costs for post certification missions.'

The company had reported a $125 million charge in the second quarter and a $250 million charge in the third quarter. The company warned Jan. 23 it would take an additional loss in the fourth quarter but did not disclose a figure when it released its financial results five days later. The annual loss implies a $148 million loss in the fourth quarter.

The $523 million in charges is the most Boeing has recorded in a single year on Starliner, exceeding $489 million it reported in 2019. The company's cumulative charges on Starliner are now just over $2 billion. 'Risk remains that we may record additional losses in future periods,' the company stated in the 10-K filing.

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