Boeing shares dive as 777X delay, Air Force One woes lead to $1.2 bn loss
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DefenceTalkBoeing shares were in free-fall early Wednesday after the aviation giant reported a $1.2 billion loss in an ugly quarter weighed down by fresh one-time costs on its Russia business, the Air Force One presidential jet and the new 777X plane. Shares were down around nine percent at $152.30 in early trading after Boeing’s results […]https://www.defencetalk.com/boeing-shares-dive-as-777x-delay-air-force-one-woes-lead-to-1-2-bn-loss-78737/
Trump says new Air Force One too costly: ‘Cancel order!’
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DefenceTalkPresident-elect Donald Trump called Tuesday for the cancellation of a multi-billion dollar Boeing contract to build the next Air Force One, calling the ballooning costs “ridiculous.” “Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. Cancel order!” Trump tweeted. Converting a […]https://www.defencetalk.com/trump-says-new-air-force-one-too-costly-cancel-order-68642/
USAF Awards Contract for Next Air Force One
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DefenceTalkThe Boeing Company was awarded a contract Jan. 29 for risk reduction activities for the Presidential Aircraft Recapitalization program, which will field the next Air Force One. This is the first contract the Air Force has awarded for this program. Additional modifications will be made to this contract in the future to purchase the commercial […]https://www.defencetalk.com/usaf-awards-contract-for-next-air-force-one-66638/
US Air force Identifies Boeing 747-8 Platform for Next Air Force One
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DefenceTalke of the most visible symbols of the United States of America and the office of the president of the United States,” James said. “The Boeing 747-8 is the only aircraft manufactured in the United States (that), when fully missionized, meets the necessary capabilities established to execute the presidential support mission, while reflecting the office […]https://www.defencetalk.com/us-air-force-identifies-boeing-747-8-platform-for-next-air-force-one-62304/