Boeing says it can’t make money with fixed-price contracts::“Rest assured we haven’t signed any fixed-price development contracts, nor intend to.”
Boeing says it can’t make money with fixed-price contracts::“Rest assured we haven’t signed any fixed-price development contracts, nor intend to.”
This is the best summary I could come up with:
Boeing released its third-quarter results on Wednesday, and there were promising numbers showing increasing revenues and narrowing losses as the multinational corporation continues its economic recovery.
This division, which includes missile production for the military and space activities such as satellites and the Starliner spacecraft, lost $1.7 billion during the first three quarters of this year.
Notably, the pair pinned the blame for performance by its defense and space division, referred to internally as BDS, on fixed-price contracts.
Boeing has been developing Starliner for more than a decade and is running six years behind its original goal of flying crew to the International Space Station for NASA in 2017.
As it has sought to compete with SpaceX on a purely fixed-price contract for crew transport, Boeing has reported more than $1 billion in losses to date and still has yet to fly its first astronaut mission.
After an issue was discovered with the soft links in Starliner’s parachute design this summer, Boeing has had to work with Airborne to strengthen the main canopy suspension lines.
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