The Wall Street Journal reported Friday that people familiar with the matter said Boeing Co. is thinking about selling its famous space business as it tries to get back on track.
The report says that this would include operations to support the International Space Station and Boeing’s BA -0.12% Starliner spacecraft, which has been having trouble lately.
The Journal said that the talks are “still early on and may not lead to a deal.”
When BourseWatch asked Boeing for a word, they didn’t get back to us right away.
Boeing announced mixed results for the third quarter.
earlier this week, and soon after, its factory workers in Washington State decided to turn down the latest offer from the company and keep going on strike. Boeing had a string of production mistakes before Kelly Ortberg took over as CEO in August. Her job was to fix the problems.
On a conference call with investors after the results, he said, “We have a plan, and change is already underway. There is a lot of work to do.” It will take a while for this big ship to turn. That being said, it could be great again when it does.
This year, Boeing stock has dropped more than 40%, while the Dow Jones Industrial Average DJIA -0.61% has gone up about 12%. Boeing is a part of the Dow. The Wall Street Journal reported Friday that people familiar with the situation said Boeing Co. is thinking about selling its well-known space business as it tries to get back on track.
The report says that this would include operations to support the International Space Station and Boeing’s BA -0.12% Starliner spacecraft, which has been having trouble lately.
The Journal said that the talks are “still early on and may not lead to a deal.”
MarketWatch asked Boeing for a response, but they didn’t get back to us right away.
Also read: The CEO of Boeing wants to make the company “great again.” This is what’s getting in the way.
Boeing released mixed third-quarter results earlier this week, and soon after, workers at its factory in Washington State decided to turn down the company’s latest offer and keep going on strike.
Boeing had a string of production mistakes before Kelly Ortberg took over as CEO in August. Her job was to fix the problems.
On the call after the results, he told investors, “We have a plan, and change is already underway. There is a lot of work to do.” It will take a while for this big ship to turn. That being said, it could be great again when it does.
This year, Boeing stock has dropped more than 40%, while the Dow Jones Industrial Average DJIA -0.61% has gone up about 12%. Boeing is a part of the Dow.
