Boeing reaches $3 billion in losses while building new Air Force One

Boeing has incurred over $3 billion in losses regarding its $3.9 billion contract to build two new Air Force One presidential planes. The program is currently four years behind schedule. According to the latest earnings report released on Tuesday, the defense contractor took a $280 million hit in the second quarter of 2026. This project, initiated during President Trump’s first term to replace the aging fleet, continues to face significant delays and financial challenges for Boeing.