Boeing reported a bigger-than-expected loss Tuesday fuelled by $280 million in additional costs in outfitting two US presidential planes, but said broad-based revenue growth showed progress after several troubled years. The US aerospace giant scored an eight percent increase in revenues to $24.
By David Goldman, CNN (CNN) — Boeing’s money pit of an Air Force One project just sank a little deeper. The company said it’s making a substantial effort to get the first of two presidential planes out the door – four years later and for billions of dollars more than initially promised.
Boeing has hit over $3 billion in losses as part of its commitment to build the next Air Force One jet, reporting a $280 million charge on the project this quarter. Boeing’s $3.9 billion contract with the Air Force to build two presidential planes, replacing the current fleet, is years behind schedu…
Boeing’s contract to replace two aging Air Force One planes, a program that is now four years behind schedule, lost the defense contractor $280 million in the second quarter of 2026, according to its latest earnings report released on Tuesday. The company inked a contract with the U.S.
