How is this company still in business:
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We’re righting the ship. Elon is helping with the delivery of the new Air Force One from Boeing.
intercst
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They need to be disrupted, surprised someone hasn’t taken them on.
The backorders keep them in business—their book.
This could have been Boeing’s business but MBAs are completely worthless at running a business. Other wise SpaceX is not making money either.
- Starlink is key:
The majority of SpaceX’s revenue now comes from Starlink, which has reached cash-flow breakeven and is expanding rapidly in terms of user base and geographical coverage.
Air Force One is not one plane, it is THE plane POTUS is flying on. I wonder how many planes the Air Force One fleet is made up of.
Google says two (plus)!
VC-25 - Air Force One
The presidential air transport fleet consists of two specially configured Boeing 747-200B’s — tail numbers 28000 and 29000 — with the Air Force designation VC-25. When the president is aboard either aircraft, or any Air Force aircraft, the radio call sign is “Air Force One.”
https://www.af.mil/About-Us/Fact-Sheets/Display/Article/104588/vc-25-air-force-one/
The Captain
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Correct. Boeing has a fixed price contract to deliver TWO specially outfitted B747 aircraft to the Gov’t. Boeing has at least $2 Billion in losses on the contract to date and is no where near completion.
{{ The pair of Boeing 747s that will serve as the next Air Force One aircraft are more than $2 billion over budget and years late, which the company has attributed to design changes, labor constraints and supply chain problems. President Donald Trump struck a deal for the aircraft during his first term, after threatening to “cancel order!” before he took office in 2017, complaining about high costs. }}
That was a masterstroke by Trump to force Boeing to accept a fixed price contract or he was going to cancel the new planes. Otherwise that $2 Billion and counting cost overun would be paid by taxpayers.
intercst
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Boeing has lost about half of it’s market share, mostly to Airbus, over the last 20 years.
Steve
Which brings up the musical question: how long does it take to modify a 74? As you say, that Air Force One contract was let during TNG’s first stint. Six years later, we are still waiting. Even better, the two 74s purchased were white-tails, that Boeing had already built, but could not sell, so you could argue the Air Force did Boeing a favor taking them. But, no, that isn’t enough. Every government contract needs to be bled, and bled, and bled. Yes, TNG did a good thing, in my estimation, in converting both the Air Force One, and tanker contracts, to fixed cost, and Boeing has been crying a river ever since.
Steve
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