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Defense Acquisition·VC-25B

Boeing Posts $280M Loss on Air Force One

8 sources · first reported Yesterday

via Breaking Defense

Boeing has reported a larger-than-expected Q2 loss due to rising costs associated with the Air Force One replacement program, known as the VC-25B program. The loss is attributed to a $280 million charge. Despite the charge, Boeing remains committed to delivering the airplane in 2028.

Why it matters

The Air Force One replacement program is a significant defense modernization effort, and Boeing's ability to deliver the project on time and within budget is crucial for the US Air Force's future capabilities.

AcquisitionDoDAir Force
Independent Media 8
Single-source: Independent Media

Development timeline

How this story unfolded across sources, oldest first.

  1. CNBC ·
    Boeing posts wider loss than expected as Air Force One costs weigh on results
  2. Investing.com ·
    Boeing posts larger-than-expected Q2 loss as Air Force One costs rise By Reuters
  3. TradingView ·
    Boeing posts larger-than-expected Q2 loss as Air Force One costs rise
  4. Reuters · Primary
    Boeing posts larger-than-expected Q2 loss as Air Force One costs rise - Reuters
  5. The Times of India ·
    Boeing posts bigger-than-expected Q2 loss as Air Force One costs rise by $280 million
  6. Межа. Новини України. ·
    Boeing reports larger Q2 loss after Air Force One charge, posts positive cash flow
  7. Breaking Defense ·
    Boeing’s Air Force One replacement racks up $280M charge
  8. Military Times ·
    Boeing attributes $280 million loss in second quarter to Air Force One program