Boeing Takes $280 Million Hit on Troubled Air Force One Program The troubled Air Force One program has been plagued by issues since its inception.
Boeing's latest financial hit is a stark reminder of the challenges facing the project, with the company announcing a $280 million loss on the program.
Background of the Troubled Air Force One Program The Air Force One program was initially conceived in 2010 as a replacement for the aging VC 25A fleet, which has been serving as the presidential airlift since 1987.