Boeing is forced to take action due to significant financial losses in its military and space business.
After repeated problems with the Starliner spacecraft and difficulties with armament projects, the new CEO Kelly Ortberg has replaced division head Ted Colbert. Steve Parker, who was previously responsible for operations, will take over as acting head.
The Starliner experienced serious technical problems during its first manned flight, including engine malfunctions and helium leaks, which led NASA to return the capsule to Earth without astronauts. Astronaut Suni Williams and astronaut Barry Wilmore will now remain on the International Space Station (ISS) until February while they await retrieval by SpaceX's Crew Dragon spacecraft.
In addition, Boeing is struggling with high cost overruns in the conversion of two 747 jumbo jets for the US president and the KC-46 tanker aircraft. In the last quarter, the military and space division reported an operating loss of around one billion dollars. The problems are further exacerbated by a strike by Boeing's largest union, which represents 33.000 workers.
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