Boeing Co. (NYSE:BA) has decided to return its Starliner spacecraft from the International Space Station (ISS) without a crew.
What To Know: The unexpected move came after a discussion between Boeing and NASA, with NASA ultimately deciding against bringing astronauts back on the Starliner due to concerns over thruster performance.
Initially, astronauts Sunita Williams and Butch Wilmore were scheduled to return aboard the Starliner, which launched on June 5. However, technical issues including helium leaks and problems with the reaction control thrusters, delayed their return. NASA opted to bring them back on a SpaceX vehicle instead, leaving the Starliner to perform an uncrewed descent, now scheduled for September 6.
The decision may have raised concerns about Boeing's space program, especially as the company continues to face challenges in its aerospace division. Investors reacted to the news as they await further updates, including insights from Boeing CFO Brian West at the upcoming Morgan Stanley Laguna Conference on September 13.
BA Price Action: Boeing shares closed down by 2.79% at $157.62 according to Benzinga pro.
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