Boeing posts bigger loss than expected as Air Force One costs weigh on results
Boeing said revenue rose 8% to $24.56 billion, but a $280 million Air Force One charge pushed quarterly losses above Wall Street estimates.
- Boeing reported a larger-than-expected second-quarter loss of $428 million, or an adjusted 76 cents per share, on Tuesday as the Air Force One program weighed on results.
- The manufacturer took a $280 million charge on the Air Force One program due to higher engineering costs while continuing to ramp up investment for the two delayed 747-8 jets.
- Despite the loss, Boeing increased revenue 8% to $24.56 billion, with commercial aircraft deliveries rising 14% to 171 planes and Max production reaching 47 a month.
- Free cash flow reached $631 million, far exceeding the $177 million cash burn analysts expected, as CEO Kelly Ortberg said the company would "improve our competitiveness" through focus on safety and quality.
- Boeing maintains guidance of $1 billion to $3 billion in annual free cash flow and expects first Air Force One delivery in 2028, with upcoming certification milestones for delayed aircraft programs critical to restoring investor confidence.
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Boeing is four years behind schedule and more than a billion dollars over budget on the order. The company has written off another $280 million on the US presidential aircraft alone. Source link: https://www.welt.de/wirtschaft/article6a694309a17ee9f1dfd82402/teure-verzoegerungen-wegen-hoeherer-kosten-fuer-trumps-air-force-one-boeing-schreibt-rote-zahlen.html Author: Publish date: 2026-07-29 00:12:00 Copyright for syndicated content belongs to th…
(Seoul = Yonhap News) Reporter Kang Hoon-sang = CNN reported on the 28th (local time) that the U.S. presidential aircraft Air Force One project has turned into a 'money-eating monster' for Boeing...
Boeing is four years behind the schedule and more than a billion more than its budget. 280 million dollars alone, the company once again signed off on the US Presidential Machine.
Boeing takes $280 million hit on troubled Air Force One program
Boeing’s contract to replace two aging Air Force One planes, a program that is now four years behind schedule, lost the defense contractor $280 million in the second quarter of 2026, according to its latest earnings report released on Tuesday. The company inked a contract with the U.S. government in President Trump’s first term to…
Boeing reaches $3 billion in losses while building new Air Force One
Boeing has hit over $3 billion in losses as part of its commitment to build the next Air Force One jet, reporting a $280 million charge on the project this quarter. Boeing’s $3.9 billion contract with the Air Force to build two presidential planes, replacing the current fleet, is years behind schedule and has run into problems under both the Biden and Trump administrations. The organization filed the charge in its second-quarter report as losses…
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