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Trump's Air Force One deal has cost Boeing another $766 million — taking the company's total loss to nearly $2 billion since construct

 
Concorde Warrior F-BVFA

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10/29/2022 12:25 PM

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Trump's Air Force One deal has cost Boeing another $766 million — taking the company's total loss to nearly $2 billion since construct
Trump's Air Force One deal has cost Boeing another $766 million — taking the company's total loss to nearly $2 billion since construction began

Boeing lost $766 million in Q3 on the project to build Air Force One aircraft.

It increases Boeing's total losses on the two jets to $1.9 billion since the build began.

Boeing bears the cost of any delays under a deal struck with the Trump Administration.
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Calhoun said in a quarterly earnings call in April this year that the "unique" agreement exposed the company to "a very unique set of risks that Boeing probably shouldn't have taken." At the time, Boeing representatives said the company had lost a total of $1.14 billion, including a further $660 million in the first quarter, on the planes, per an SEC filing.
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he company has stated in SEC filings that the project is worth $4.3 billion.

The Trump Administration publically stated the total cost of the project would be around $3.9 billion. However, DefenseOne estimates that the total costs could be above $5.3 billion, citing Air Force officials and Pentagon budget documents.

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Anonymous Coward
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10/29/2022 12:49 PM
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Re: Trump's Air Force One deal has cost Boeing another $766 million — taking the company's total loss to nearly $2 billion since construct
Pretty shameful for Boeing to blame Trump over their own incompetence. The reason why they're bleeding so much money is because the majority of their employees are diversity hires who just hang out all day and not do a single damn thing.
Blizzard Lizzard

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10/29/2022 12:55 PM

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Re: Trump's Air Force One deal has cost Boeing another $766 million — taking the company's total loss to nearly $2 billion since construct
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