Boeing-made communications satellite breaks up in space

Published On Oct 22, 2024, 11:50 PM

Boeing's recently constructed communications satellite, iS-33e, has completely failed and broken up in orbit, impacting Intelsat's customers across several regions. This incident adds to Boeing's ongoing challenges, including a large-scale strike in its commercial division, issues with its Starliner spacecraft, and recent layoffs. The company is also seeking substantial new funding and has pleaded guilty to a fraud conspiracy charge related to its 737-MAX planes.

Stock Forecasts

Due to the cumulative effect of safety incidents, operational failures, and emerging labor issues, Boeing's stock is likely to continue facing downward pressure as investor confidence wavers. Additionally, the breakdown of the satellite can damage Boeing's reputation in the aerospace industry.

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