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While Boeing’s past in the space industry is
undeniable, it’s the company’s present and
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future.
That’s the problem.
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Most notably, the aerospace giants, cash issues
have the company looking to raise $19 billion
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in a stock offering while still pursuing other
sources of revenue.
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The company lost $6 billion in the third
quarter and has already begun selling off
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assets like the deal that sent small defense
subsidiary digital receiver technology to Talis
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defense and security last week following the
mixed success that saw Boeing starliner capsule
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reach the International Space Station but
return empty the Wall Street journal reports
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that the company’s entire space division might
be on the block.
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According to the report, the rumblings are in
the early stages and the deal isn’t close.
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But Boeing’s new Ceo Kelly Ortberg has been
clear with his intentions to narrow the
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company’s focus in a memo to employees this
month.
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Ortberg said Boeing needs to quote, focus our
resources on performing and innovating in the
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areas that are core to who we are and that
renewed focus just might not include the
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company’s space Division.
While spacex has replaced Boeing as nasa’s
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preferred partner, Blue origin, the commercial
space operation owned by Amazon’s Jeff Bezos
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could be a potential suitor Boeing reportedly
met with Blue origin before Ortberg came aboard
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and the company is already priming its new Glen
rockets to compete with SpaceX for upcoming
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missions from both NASA and other third parties.
According to Jalopnik Ortberg confirmed
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Boeing’s discussions with blue origin.
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Blue origin already does some business with
NASA including work on the Artemis Loon Lander
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program.
Last month, Ortberg fired Ted Colbert,
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the now former president and Ceo of Boeing’s
Space and defense business.
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Boeing defense based in security.
He was temporarily replaced by Coo Steve Parker.
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Another piece that could leave Boeing’s hangar
is United Launch Alliance,
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a joint venture with Lockheed Martin that
specializes in national security launches.
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That venture has reportedly spent the last year
looking for a buyer while Boeing has been
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integral to NASA missions since Neil Armstrong
took that small step.
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The next big leap might be taken by blue origin.
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I’m David Manti.
This is manufacturing now.