{"id":162833,"date":"2022-08-29T13:57:35","date_gmt":"2022-08-29T13:57:35","guid":{"rendered":"https:\/\/precoinnews.com\/?p=162833"},"modified":"2022-08-29T13:57:35","modified_gmt":"2022-08-29T13:57:35","slug":"boeing-rips-off-america","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/boeing-rips-off-america\/","title":{"rendered":"Boeing Rips Off America"},"content":{"rendered":"
The Artemis 1\u2019s super-rocket will take off and send a capsule to the moon. It will be powered by the Space Launch System, a massive rocket that will roar aloft from the Kennedy Space Center. The return to the moon brings up the question why it costs untold billions of dollars to replicate what NASA did in 1969 with technology that today is entirely primitive.<\/p>\n
Cost overruns and delays pushed the costs of the first core stage and other components to $8.9 billion, about twice the expected number. In addition, the launch was pushed back several years during the building of the aircraft. According to The Verge, an inspector general\u2019s analysis showed that \u201cBad estimates by Boeing have contributed to many of these problems, the report argues.\u201d<\/p>\n
Boeing Co. (NYSE: BA) has been pushed out of many of the advances of space flight over the past several years as it has been replaced largely by Elon Musk\u2019s SpaceX.<\/p>\n
In its recent \u201cNASA\u2019s newest rocket is a colossal waste of money,\u201d The Economist argued that the mission to the moon should have been handled by private contractors. \u201cIt is also a colossal boondoggle. The conception and execution of the project has been a near-perfect example of pork-barrel politics.\u201d Boeing has been a major beneficiary of this.<\/p>\n \t\t\t\t