Kelly Ortberg, who took over as Boeing CEO in August, is weighing the sale of the company's space division as part of an attempt to turn things around, according to a report of The Wall Street Journal. The plans, which are reportedly in an early stage, could involve Boeing unloading the Starliner spacecraft and its support projects the International Space Station.
“It is better to do less and do it better than to do more and not do it well,” Ortberg he said during an earnings call this week. “Clearly, our core of commercial aircraft and defense systems will remain with the Boeing Company for the long term. But there are probably some things on the side that we can be more efficient with or that distract us from our main goal here.”
However, sources say that WSJ that Boeing will likely continue to oversee the Space Launch System, which will eventually help NASA astronauts return to the Moon. It is also expected to retain its commercial and military satellite businesses.
