Boeing's Starliner project suffered a $500 million loss in 2024, bringing its cumulative losses to over $2 billion.

Zhitong Finance learned that Boeing (BA.US) recorded its largest annual loss related to its Starliner program in 2024, losing over $2 billion since it first received a fixed-price contract worth nearly $5 billion from NASA to develop the spacecraft. The company recorded $523 million in future losses for the program in 2024, reflecting delays, higher testing and certification costs, and higher post-certification mission costs. Boeing disclosed in a filing with the U.S. Securities and Exchange Commission: "As of December 31, 2024, we had approximately $398 million of capitalized pre-contract costs and $150 million of potential termination liability related to unauthorized future missions. Risks remain, and we may record additional losses in future periods." The first crewed Starliner launched in June last year, with a minimum mission duration of eight days. However, due to propulsion issues, NASA decided not to risk the safety of astronauts, and the Starliner returned to Earth unmanned in August last year. NASA reiterated last week that it is working with SpaceX to bring astronaut Suni Williams and astronaut Bob Behnken back from the International Space Station "as soon as possible." The agency said in October that it would decide on the next flight of the Starliner "once we have a better understanding of the certification path for Boeing's system." Since then, the spacecraft has not provided any updates.