Boeing is considering selling its space business

According to the Wall Street Journal, the crisis-hit aircraft manufacturer is considering selling its NASA business.

A media report said that American aircraft and aerospace manufacturer Boeing is considering selling its space division. The struggling US company is exploring selling its NASA businesses, including the struggling Starliner spacecraft and activities supporting the International Space Station, the Wall Street Journal (WSJ) reported on Friday, citing people familiar with the matter.

There was no immediate comment from Boeing. The company is suffering huge losses and has debts of $60 billion. The management team is also under pressure due to a number of technical problems. At the beginning of the year, part of the cabin wall of a Boeing 737 MAX-9 broke off mid-flight. The arms trade is also in trouble, with the department recently losing billions. The company also suffers from chronic delivery delays. In addition, the current strike has halted production of the best-selling 737 MAX and the 767 and 777 wide-body aircraft. New President Kelly Ortberg announced on Wednesday that he will pull the company out of the crisis with a restructuring plan. (Abba)