Boeing Starliner Disaster: A Decade of Delay, Fail, Losses!
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intro 0:00
(Boeing’s decision) 0:26
(Boeing’s loss in the military projects) 4:51
(Why is the fixed price contract risky but still exists?) 6:03
(Elon Musk’s tweet) 9:05
(The issues inside Boeing’s operation) 14:33
outro 17:26
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1) SOURCES OF IMAGES AND VIDEOS
Everyday Astronaut: / erdayastronaut
/ everydayastronaut
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Boeing Starliner Disaster: A Decade of Delay, Fail, Losses!
"Never do again". This is a decisive statement by CEO Boeing amid the fact that this giant is continuously failing in important government programs such as Nasa's commercial crew program.
The failure of the Starliner program has directly pushed this hundred-year legacy company to the most terrible nightmare ever.
In despair, Boeing has made a vital decision aiming to turn the company around.
Find out everything in today's episode of Techmap.
Boeing Starliner Disaster: A Decade of Delay, Fail, Losses!
If the fixed price contract is the betting game, Boeing is the bad player and Nasa is the master of the game. In recent years, the Illinois-based company has made several big bets on the fixed-price programs.
In 2014, they competed for Nasa's commercial crew program along with SpaceX and were awarded two-thirds money.
In 2018, they continued to win deals for the T-7A Red Hawk trainer, MQ-25A Stingray tanker drone, and VC-25B Air Force One programs, all fixed-price efforts that have contributed to billions of dollars in charges for Boeing.
Boeing Starliner Disaster: A Decade of Delay, Fail, Losses!
Their motivation is so clear. While other forms of contracts limit profit margins to between 5% and 12%, this number for a fixed-price contract is unlimited. I mean, if you sell at a lower price, you keep any leftover money. And Boeing also hopes that they can reap a huge profit from it.
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