President Donald Trump raised the possibility of major changes to the “Air Force One” replacement program the Air Force is pursuing in the face of persistent and growing delays.
Boeing lost $222 million on two key Air Force programs in the first quarter of fiscal year 2024: $128 million on the KC-46 aerial refueling tanker and $94 million on the T-7 trainer, where the total losses already exceed more than $7 billion and $1 ...
With a $482 million third-quarter charge against its Air Force One/VC-25B, Boeing is now up to $1.3 billion in losses on the project. It also lost $350 million on an unnamed satellite program and $136 million on the Navy's MQ-25 refueling drone.
Boeing Defense, Space & Security reorganized its divisions, streamlining to help turn around the firm's struggling financial performance, the aerospace giant announced. Instead of eight divisions, the company will now have four divisions: Air Dominance; Mobility, Surveillance, and Bombers; Vertical Lift; and Space, Intelligence, and ...
Boeing reported a $3.3 billion loss in the third quarter of 2022, driven by deepening woes in its defense business, the company announced Oct. 26. Boeing's defense, space, and security sector lost $2.8 billion in cost overruns on fixed-price development contracts.
The "Air Force One" replacement will be two to three years late due to pandemic issues, testing, and the loss of a subcontractor on the interior, USAF officials reported at a House Armed Services Committee hearing. They were also warned that some HASC members will ...
Boeing lost more than a billion dollars on two Air Force programs in the first quarter of fiscal 2022, getting "whacked" by inflation, the pandemic, and supply chain issues, CEO David L. Calhoun said. He admitted that Boeing lowballed its bids for the fixed-price development ...
The existing VC-25As, known as Air Force One when the President is on board, may have to undergo another maintenance cycle, requiring Air Mobility Command to take funding from other requirements, as the replacement program faces a possible schedule slip. Boeing presented the Air Force ...
Boeing reported its sixth straight loss in its first-quarter earnings report April 28, including a new charge on the Air Force One replacement program. However, Boeing Defense saw increased revenue, spurred largely by new KC-46, P-8, and V-22 contract awards. Company CEO David L. Calhoun ...
Boeing's anticipated closure of the 747-8 line won't create a parts crisis for the Air Force, which expects the company to support the type until the newest “Air Force One” aircraft retire in 2055. The Air Force hasn't yet decided what it will do to ...
The Pentagon’s top acquisition official anticipates the military will see a three-month setback across its major defense acquisition programs as the coronavirus pandemic throws contractors and program officials off their usual rhythm. “We do anticipate about a three-month slowdown at slower rates in terms of ...
The effort to replace Air Force One is moving along smoothly despite the new coronavirus, and has essentially completed a key design milestone, USAF acquisition boss Will Roper said April 16. Program officials held the critical design review online rather than coming together in person ...