Boeing exploring sale of space business – WSJ
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Boeing (NYSE:BA) is exploring the sale of its space business. Shares of Boeing rose 1%.
Boeing is evaluating the sale of its NASA business, including the troubled Starliner space vehicle and operations supporting the International Space Station, according to a WSJ report on Friday, which cited people familiar with the matter.
The potential effort is at an early stage and may not result in a deal, the WSJ said.
The news comes after Reuters reported in August that Boeing (BA) and Lockheed Martin (LMT) were in talks to sell their United Launch Alliance rocket-launching joint venture to Sierra Space, in a deal that could value ULA at $2B-$3B.
A potential sale of the space business follows after the highly touted Starliner spacecraft became a source of embarrassment when technical issues left two NASA astronauts stuck on the International Space Station. After the spacecraft ran into technical problems that raised concerns about its safety, NASA decided to enlist Elon Musk’s SpaceX bring the astronauts home in February. The decision frustrated Boeing (BA) teams who claimed the Starliner was safe.