Boeing looking to sell space business: report

Published On Oct 29, 2024, 12:49 PM

Boeing is reportedly considering selling parts of its space business, including the challenged Starliner space vehicle and its operations supporting the International Space Station (ISS). This follows significant financial and operational challenges, including production delays and issues with the Starliner. The company aims to streamline operations under the leadership of CEO Kelly Ortberg, who suggested focusing on fewer, more manageable projects. Boeing faces challenges from an ongoing labor strike and past cost overruns in its space programs.

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Stock Forecasts

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Boeing's decision to potentially sell parts of its struggling space business could lead to a more focused company and improved financial performance once these assets are divested. However, continued labor strikes and operational issues pose risks to its stock performance in the short term.

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