“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.

Boeing took a $280 million charge on its long-delayed Air Force One program.

Boeing reported a significant quarterly loss, largely due to its Air Force One replacement program. The company still generated positive free cash flow, exceeding expectations for…

Boeing reported a larger-than-expected second-quarter loss on Tuesday as higher costs linked to the delayed Air Force One replacement programme weighed on its results.