Boeing Exploring Sale of Its Space Business

26/10/2024 6:16

        Boeing is exploring the sale of some parts of its space business, the Wall Street Journal reported on Friday, citing people familiar with the matter.
        
        The NASA business that Boeing is exploring a sale of includes the troubled Starliner space vehicle and operations that support the International Space Station, but excludes the unit building NASA's Space Launch System, the newspaper reported.
        
        The U.S. planemaker's shares rose 0.6% in afternoon trading.
        
        "Boeing doesn’t comment on market rumors or speculation," the company said in a response to a request for comment.
        
        The aerospace company's Starliner spacecraft has been hindered for years by development delays and technical problems, with more than $1.8 billion in private cost overruns.
        
        Two NASA astronauts that Boeing brought to the International Space Station remain stuck there and are scheduled to return in February on a craft from rival SpaceX.