{"id":80865,"date":"2026-07-29T17:02:50","date_gmt":"2026-07-29T17:02:50","guid":{"rendered":"https:\/\/one.sightlinemg.com\/airforcetimes\/uncategorized\/2026\/07\/29\/boeing-attributes-280-million-loss-in-second-quarter-to-air-force-one-program\/"},"modified":"2026-08-08T17:25:27","modified_gmt":"2026-08-08T17:25:27","slug":"boeing-attributes-280-million-loss-in-second-quarter-to-air-force-one-program","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/airforcetimes\/industry\/techwatch\/2026\/07\/29\/boeing-attributes-280-million-loss-in-second-quarter-to-air-force-one-program\/","title":{"rendered":"Boeing attributes $280 million loss in second quarter to Air Force One program"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Boeing\u2019s <a href=\"https:\/\/www.militarytimes.com\/news\/your-military\/2026\/06\/10\/qatari-donated-air-force-one-now-sports-red-white-and-blue-paint-job\/\" target=\"_blank\" rel=\"\">Air Force One<\/a> program caused the defense company to lose $280 million in the second quarter of 2026, according to <a href=\"https:\/\/boeing.mediaroom.com\/2026-07-28-Boeing-Reports-Second-Quarter-Results\" target=\"_blank\" rel=\"\">earnings<\/a> the contractor released Tuesday.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The contractor has faced setbacks in delivering two Air Force One aircraft for presidential use by its initial projected timeline due to a lack of properly cleared workers and supply chain issues, causing President Donald Trump to use a <a href=\"https:\/\/www.militarytimes.com\/news\/your-military\/2026\/06\/30\/in-a-first-trump-will-travel-aboard-qatari-donated-air-force-one\/\" target=\"_blank\" rel=\"\">Qatari-donated jet<\/a> in the interim.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Trump first traveled with the modified Qatari aircraft in early July, but just a couple weeks later, revealed that it would be <a href=\"https:\/\/www.militarytimes.com\/news\/your-military\/2026\/07\/20\/new-air-force-one-to-get-maxed-out-upgrades-after-security-questions\/\" target=\"_blank\" rel=\"\">\u201cmaxed out\u201d<\/a> for upgrades since the plane lacks necessary security features, like missile-defense capabilities, for a presidential aircraft.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The absence of the <a href=\"https:\/\/www.defensenews.com\/pentagon\/2026\/07\/09\/trump-flies-old-air-force-one-out-of-turkey-switches-to-new-jet-in-britain-for-trip-home\/\" target=\"_blank\" rel=\"\">security features<\/a> caused Trump to instead fly with an older Air Force One out of Turkey after the recent NATO Summit as tensions escalated with Iran.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Plans for the new Boeing VC-25Bs have been in effect for about a decade and were originally slated for 2024, but are now expected in 2028.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The contract was signed in 2018 with a fixed $3.9 billion price tag, but the delays have cost Boeing billions of dollars extra as the company rushes to deliver the jets to the executive airlift fleet alongside the VC-25A and C-32 fleets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company attributes the $280 million in second quarter losses on the VC-25B program to an investment in \u201cadditional production and certification resources,\u201d per the earning report, but it still anticipates the first delivery to occur in 2028.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The added amount now has caused the entire project to cost over $3.1 billion, according to <a href=\"https:\/\/www.cnn.com\/2026\/07\/28\/business\/air-force-one-boeing-losses\" target=\"_blank\" rel=\"\">CNN reporting<\/a>, but the contract\u2019s ceiling has been altered to $4.5 billion to allow for other equipment. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Boeing\u2019s total second quarter loss was $428 million, a stark increase from the <a href=\"https:\/\/investors.boeing.com\/investors\/news\/press-release-details\/2026\/Boeing-Reports-First-Quarter-Results\/default.aspx\" target=\"_blank\" rel=\"\">$7 million loss<\/a> reported in the first quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The defense company reported a $280 million loss in the second quarter of 2026 due to its VC-25B program.<\/p>\n","protected":false},"author":7,"featured_media":111180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_canonical":"","_acf":"","_yoast_wpseo_primary_category":149,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_smg_distribution_targets":[]},"categories":[101,149,16,26,67],"tags":[],"coauthors":[3418],"class_list":["post-80865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news-roundup","category-techwatch","category-news","category-newsletters","category-your-air-force"],"acf":{"subheadline":"","legacy_arc_id":"JVKVPPLIFJDLZP3OTVABALBHG4","arc_canonical_url":"\/industry\/techwatch\/2026\/07\/29\/boeing-attributes-280-million-loss-in-second-quarter-to-air-force-one-program\/","remove_feature_photo":false,"is_sponsored":false,"subtype":"","redirect_url":"","disable_inline_ads":false,"native_logo_pretext":"Presented By:"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Boeing attributes $280 million loss in second quarter to Air Force One program - Air Force TImes<\/title>\n<meta name=\"description\" content=\"The defense company reported a $280 million loss in the second quarter of 2026 due to its VC-25B program.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boeing attributes $280 million loss in second quarter to Air Force One program\" \/>\n<meta property=\"og:description\" content=\"The defense company reported a $280 million loss in the second quarter of 2026 due to its VC-25B program.\" \/>\n<meta property=\"og:url\" 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