Ted Colbert photographed by Ryan Johnson in 2017 at the Boeing 787-10 roll out. Retrieved from Wikimedia Commons

Jul

Boeing Hit With Air Force One Production Challenges

Boeing faces disruptions over Air Force One production.

The Bottom Line Upfront

Boeing's defense division is grappling with significant production delays and financial hurdles, particularly around the new Air Force One jets (VC-25B).

The Breakdown

CEO Ted Colbert has candidly acknowledged that ongoing difficulties in fixed-price development programs will lead to additional charges in the company's upcoming financial report.
Boeing will incur substantial losses from the delayed Air Force One project.
A recent successful negotiation for E-7 Wedgetail radar planes signifies a move towards better contract transparency.