Boeing Reports Another $280 Million Loss on Air Force One Project

By the Editorial Team · Thursday, July 30, 2026

Boeing reported an additional $280 million loss on its Air Force One project, bringing total losses to over $3 billion due to ongoing delays and cost overruns. The company is focusing on completing the first aircraft by mid-2028 despite these financial setbacks, as it works to resolve technical challenges and meet government standards.

Boeing reported an additional $280 million loss on its Air Force One project during an earnings call on Tuesday, further adding to the program’s significant cost overruns. The company has now recorded more than $3 billion in losses related to the production of two new presidential aircraft.

The project, which involves manufacturing two modified Boeing 747 jets for the U.S. Air Force, has faced persistent delays and budget increases since the contract was awarded in 2018. Under the $3.9 billion agreement signed during the Trump administration, Boeing is responsible for covering all cost overruns.

CEO Kelly Ortberg acknowledged the disappointing financial impact but emphasized the importance of maintaining the delivery schedule. He attributed the latest loss to Boeing’s decision to allocate additional resources to support the build and testing phases, aimed at reducing risks associated with certification and flight testing.

Despite challenges, Boeing remains committed to delivering the first Air Force One aircraft by mid-2028, with the second expected around mid-2029. The program’s extended timeline reflects ongoing efforts to address technical and production hurdles while ensuring the aircraft meet stringent government requirements.

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