Boeing To Lose $1.2B On New Air Force One Jets | Aviation International News

Boeing To Lose $1.2B On New Air Force One Jets

Delays and subcontractor bankruptcy plague new Air Force One project resulting in a $1.2 billion loss for Boeing.

Production of the two repurposed Boeing 747-8is slated to replace the current Air Force Ones has been delayed by two years and will result in a $1.2 billion loss for Boeing, according to the CEO. (Photo: Boeing)

By Mark Huber • Contributor

May 6, 2022

Boeing CEO Dave Calhoun said the two repurposed 747-8is slated to replace the current Air Force One airplanes now won’t be ready until 2026 at the earliest—a two-year delay. He told financial analysts that Boeing expects to post a $1.2 billion loss on the $3.9 billion deal, which was announced in 2018, and that it was “a very unique set of risks that Boeing probably shouldn’t have taken.”

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