Boeing exploring sale of space business: report

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Email: mail@newsobahrain.com

Boeing is exploring a possible sale of its space business as its new CEO seeks to improve the embattled company’s financial position, the Wall Street Journal reported.

The company is weighing a divestiture of its NASA business, including the problem-plagued Starliner vehicle, the newspaper reported, citing people familiar with the matter.

Asked for a response, a Boeing spokesperson told AFP the company “doesn’t comment on market rumors or speculation.”

Chief Executive Kelly Ortberg, who joined Boeing in August, said earlier this week he was reviewing company operations with an eye towards narrowing Boeing’s profile.