Boeing’s money pit of an Air Force One project just sunk a little deeper.
Boeing adds $280M in Q2 2026 to deliver Air Force One 747-8s by 2028; overruns exceed $3.1B vs $3.9B cap. Chronic cost overruns on critical defense contracts amid 737 Max crises signal systemic execution risk and capital constraints.
Boeing’s money pit of an Air Force One project just sank a little deeper.
“While the charge is disappointing, we recognize how critical schedule performance is to our customer and we are investing accordingly to maintain our commitment to deliver the airplane in 2028,” CEO Kelly Ortberg said.
“While the charge is disappointing, we recognize how critical schedule performance is to our customer and we are investing accordingly to maintain our commitment to deliver the…