Keith FitzGerald, president of FitzGerald Group, is looking at the top and bottom stocks before the market opens on Monday.
Aerospace giant Boeing is reportedly considering selling part of its space business as it looks at ways to streamline its operations.
of The Wall Street Journal reported Boeing is considering selling some of NASA's businesses, including the troubled Starliner spacecraft and businesses that support the International Space Station, people familiar with the matter said Friday. Ta.
The potential sale would exclude Boeing's division, which builds NASA's space launch systems, and its commercial and satellite businesses, the newspaper reported.
“Boeing does not comment on market rumors or speculation,” a Boeing spokesperson told FOX Business.
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Boeing may sell part of its space business, according to a report in the Wall Street Journal. (Paul Hennessy/Anadolu via Getty Images/Getty Images)
Boeing's Starliner program has faced development delays and technical problems, resulting in more than $1.8 billion in civilian cost overruns.
Two NASA astronauts brought to the International Space Station by Boeing earlier this year remain stranded there after the Starliner suffered a helium leak and problems with its thrusters. They are expected to return to rivalry SpaceX Crew Dragon February craft. Starliner successfully returned to Earth without astronauts after it was deemed too dangerous for them to return to the spacecraft.
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| BA | boeing company | 151.01 | -4.10 |
-2.65% |
boeing space business For decades, we have focused on building and maintaining modules for the International Space Station. The ISS is scheduled to retire in 2030, and NASA is considering replacing it with a privately owned space station.
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Boeing is reportedly considering selling its Starliner business. (Richard Tribow/Orlando Sentinel/Tribune News Service via Getty Images/Getty Images)
The journal is collaborating with Boeing lockheed martin The two companies are also separately considering selling their rocket launch joint venture, United Launch Alliance. United Launch Alliance focuses on national security launches and operates independently from its two parent companies.
Boeing is facing an ongoing strike by its 33,000 mechanics, halting production of its best-selling 737 Max jet, as well as its 767 and 777 airliners.
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NASA astronauts Suni Williams and Butch Wilmore, crew members of Boeing's Starliner capsule, are recovering from a series of problems. (NASA/Getty Images)
New company CEO Kelly OrtbergHe, who started in the role in August, said on Wednesday's quarterly conference call with analysts that he wants Boeing to reduce the number of programs in its portfolio.
“It's better to do less and do better than to do a lot and do it poorly,” Ortberg said on the conference call, without specifically mentioning Boeing's space division.
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Reuters contributed to this report.
