PublicWire | Emerging Market Stock News
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
No Result
View All Result
PublicWire
No Result
View All Result

Home » Finance » Live news: Nvidia blames China lockdowns and Russia’s war for weaker revenue outlook

Live news: Nvidia blames China lockdowns and Russia’s war for weaker revenue outlook

by PublicWire
May 25, 2022
in Finance
Reading Time: 2 mins read
0
Starliner is built to transport up to seven passengers © Nasa/Ingalls via Boeing

Boeing’s Starliner space capsule returned to Earth on Wednesday after docking successfully at the International Space Station in a much-needed victory for the aerospace group as it contends with an array of production delays.

Starliner was launched last Thursday atop a United Launch Alliance Atlas V rocket from Cape Canaveral, Florida, and docked at the ISS the next day. It returned to the US Army’s White Sands Missile Range in New Mexico, floating down by parachute.

This was the second orbital test flight for the capsule, which was sent to space unmanned. The first test took place more than two years ago and was unsuccessful owing to software issues. Boeing had planned a second test for last year, but it was called off.

Development of the space capsule has cost Boeing $595mn since 2019. The Chicago-based company agreed to a fixed-term development contract with Nasa, meaning Boeing must cover any cost overruns.

The group has faced production and delivery challenges within both its commercial and defence divisions, leading to billions in charges over several years and calls from customers to adopt a “fresh vision”.

“When Starliner completes its next flight, Boeing will have fulfilled Nasa’s goal of having two commercial vehicles to transport astronauts,” Boeing said in a statement. The other spacecraft is SpaceX’s Crew Dragon.

“We will incorporate lessons learned and continue working to prepare for the crewed flight test and Nasa certification,” said Mark Nappi, manager of the Boeing Commercial Crew Program.

On this test flight, Starliner took 800 pounds of cargo and crew supplies from both Nasa and Boeing, and brought back 600 pounds.


This post was originally published on this site

Previous Post

Twitter shareholders vote against Silver Lake’s Durban continuing in board role

Next Post

Vanguard refuses to end new fossil fuel investments

PublicWire

At PublicWire, we know the vast majority of all investors conduct their due diligence and get their news online in a variety of ways including email, social media, financial websites, text messages, RSS feeds and audio/video podcasts. PublicWire’s financial communications program is uniquely positioned to reach these investors throughout the U.S. and Canada as well as on a global scale.

Related Posts

Finance

South Korea ‘reviewing various plans’ to stabilise the won

September 15, 2022
0
Finance

European shares edge higher as investors weigh up policy outlook

September 15, 2022
0
Finance

Ethereum ‘Merge’ concludes in key moment for crypto market

September 15, 2022
0
Finance

EU embargo to hit Russian oil output, IEA says

September 14, 2022
0
Finance

European stocks slide after sharp Wall Street sell-off overnight

September 14, 2022
0
Finance

Terry Smith to close emerging markets investment trust

September 14, 2022
0
Next Post

Vanguard refuses to end new fossil fuel investments

Please login to join discussion

Subscribe To Our Newsletter

Loading
Ad
PublicWire | Emerging Market Stock News 24/7 | Investor Relations US Stock Market

© Copyright 2022 publicwire.com

Navigate Site

  • About
  • Contact Us
  • Disclaimer
  • Watch LIVE
  • Privacy Policy
  • Terms and Services
  • Contributors

Follow Us

No Result
View All Result
  • LIVE Investor News Channel
  • Cannabis
  • Energy
  • Finance
  • General
  • Medical
  • Podcasts
  • Retail
  • Technology
  • Videos

© Copyright 2022 publicwire.com

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.