Boeing Rips Off America, Again

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By Douglas A. McIntyre Published
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Boeing Rips Off America, Again

© NASA / Getty Images News via Getty Images

The Artemis I mission to the moon is among the greatest debacles in NASA history. The launch of the massive rocket known as the Space Launch System rocket was delayed twice this past week. The second time was due to hydrogen leakage in an inlet.

The next launch will be put off for weeks, or perhaps longer. That is hard to believe because the cost to design and build the system from inception until 2025 will be $93 billion. That is well over budget. The first mission was supposed to be in 2017.

Among the companies which did the most work on the project was the historic bungler of similar work – Boeing. NPR recently reported “The National Aeronautics and Space Administration’s scheduled test launch Monday of a new mega-rocket will give Boeing Co. another chance to prove it can pull off big national projects following past missteps.”
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Boeing has been able to build dangerous commercial aircraft and faulty rockets for years and its reputation is in tatters. Its executives have routinely said Elon Musk’s SpaceX rockets are nothing better than toys. In the meantime, SpaceX has launched a number of rockets, some of which were for NASA. Each has come off without a hitch. One has to wonder why SpaceX was not asked to build much of the Artemis I components – or all of them.

The Artemis I mission’s success cannot be understated. The U.S. has not been to the moon for decades. It has fallen behind Russia and China. America led the race for years.

One reason to explore the Moon is that it may have valuable minerals. Another is that it could be a staging area for a trip to Mars. Just important is the prestige of a U.S. return to the Moon, which is an unquantifiable, but critical part of the national identity.

Boeing will be shamed by the press, and many Americans will blame it for the Moon mission failure. The shaming is well placed and should continue.
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Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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