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Boeing reportedly considers selling off its space business

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A photo of Boeing’s Starliner spacecraft in space

Kelly Ortberg, who took over as Boeing CEO in August, is weighing the sale of the corporate’s area division as a part of an try to show issues round, in line with a report from The Wall Avenue Journal. The plans, that are reportedly at an early stage, might contain Boeing offloading the Starliner spacecraft and its tasks supporting the Worldwide Area Station.

“We’re higher off doing much less and doing it higher than doing extra and never doing it properly,” Ortberg stated throughout an earnings name this week. “Clearly, our core of business airplanes and protection methods are going to stick with the Boeing Firm for the long term. However there’s most likely some issues on the perimeter there that we may be extra environment friendly with or that distract us from our important objective right here.”

Nonetheless, sources inform the WSJ that Boeing will doubtless proceed to supervise the Area Launch System, which can ultimately assist deliver NASA astronauts again to the Moon. It’s additionally reportedly anticipated to hold onto its business and army satellite tv for pc companies.

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