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Boeing’s Air Force One charges top $2 billion, drag down profits
A $482 million loss on the VC-25B Air Force One program helped sink Boeing's defense sector's profits and lead to a nearly $1 billion quarterly loss.
Biden drops Trump design for new Air Force One
The decision on Air Force One's design ends years of debate across two administrations.
Biden nixes Trump design for Air Force One over cost, delay
The new aircraft are estimated to replace the VC-25A planes in 2026, years behind schedule.
By Zeke Miller, The Associated Press
Boeing CEO regrets Air Force One deal amid big quarterly losses
Boeing CEO Dave Calhoun said the Air Force One deal was “a very unique moment, a very unique negotiation, a very unique set of risks that Boeing probably shouldn’t have taken. But we are where we are."
Delivery of new Air Force One planes could be delayed until 2025
Boeing has shown interest in re-opening negotiations that would raise the ceiling on the program's $3.9 billion contract, Air Force officials said.
By Valerie Insinna