Boeing says ‘lessons learned’ from costly Air Force One deal
LONDON (Reuters) - Boeing’s defense chief said on Sunday it had learned lessons from a contract to supply the U.S. presidency with new Air Force One aircraft, which has cost the planemaker almost $1 billion in charges and is up to three years behind schedule.
Boeing received a $3.9 billion contract in 2018 for two 747-8 aircraft to be delivered starting in 2024.
In December 2016, then U.S. President-elect Donald Trump secured a promise from then Boeing CEO Dennis Muilenburg that the cost of replacing Air Force One would not exceed $4 billion. Trump had earlier urged the government to cancel buying Boeing’s new Air Force One, saying it was “ridiculous” and too expensive.