Facing a long delay in releasing Starliner, worsened by the machinist strike, Boeing is currently contemplating a difficult decision to make.
To be specific, Boeing is considering selling parts of its space business according to people familiar with the matter.
As per Reuters, the parts in question will include not just the Starliner space vehicle but also the operations for the ISS (International Space Station. Only the NASA Space Launch System division will be left on their premise.
While the company has yet to confirm the possibility of this sale, the stock market has reacted positively to this news with a rise in Boeing stock.
Boeing's Space Division Problems
Earlier this week, VCPost learned that Boeing will be further delaying Starliner due to the costs affiliated with the strike of 33,000 employees. This also temporarily halts the production of popular commercial plane models like the 767, 777, and 737 MAX.
Extra costs have been over $1.8 billion so far. Not to mention the public stir it has caused with two NASA astronauts aboard Starliner were unable to return to Earth on the expected date due to a "risky" situation, per AP News.
Boeing has built and maintained parts of the ISS for decades, but it's about to retire in 2030 and may be replaced by private space stations under NASA.
With this news of a potential sale marked as market rumors, new CEO Kelly Ortberg will remain focused on stabilizing the company's core business through a do less and do better strategy ahead.
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