President Donald J. Trump arrives aboard Air Force One and delivers remarks during a press briefing at Selfridge Air National Guard Base, Michigan, April 29, 2025. Marking his 100th day in office, Trump announced that Selfridge will host a new fighter mission—underscoring the base’s strategic importance. He was joined by Secretary of Defense Pete Hegseth and other key leaders, and met with service members across the installation. (U.S. Army National Guard photo by 2nd Lt. Paige Bodine)
LONDON —Boeing predicts it will take additional cost overruns on the troubled VC-25B program to ensure it delivers the first new Air Force One planes by 2028, the company’s defense CEO said today.
“I do expect to see some cost growth there as we come through [final assembly] and we finish off the wiring and the structures, as well as finishing off with certification,” Steve Parker, the head of Boeing’s defense unit, told reporters ahead of Farnborough Airshow this week. “That cost growth will be focused on making sure that we hit the 2028 time frame.”
Parker declined to comment on the timing of the potential charges, as Boeing is in a quiet period ahead of announcing its second quarter results on July 28.
