Boeing explores selling space division due to financial challenges and shift in focus.

Boeing is considering selling its space division, which includes the troubled Starliner spacecraft and support for NASA's International Space Station. This move, led by new CEO Kelly Ortberg, aims to address significant financial challenges, including a recent $6.2 billion loss and ongoing labor strikes. Ortberg emphasizes a focus on core commercial and defense sectors, while potential buyers for the space assets may include Blue Origin.

October 25, 2024
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