{"id":1455982,"date":"2022-04-27T19:44:53","date_gmt":"2022-04-27T23:44:53","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1455982"},"modified":"2022-04-27T19:44:56","modified_gmt":"2022-04-27T23:44:56","slug":"boeing-ceo-says-company-lost-660-million-on-air-force-one-program-so-far","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/boeing-ceo-says-company-lost-660-million-on-air-force-one-program-so-far\/","title":{"rendered":"Boeing CEO Says Company Lost $660 Million On Air Force One Program So Far"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fboeing-ceo-says-company-lost-660-million-on-air-force-one-program-so-far%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1455982&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/dw-wp-production.imgix.net\/2022\/04\/6BCA050E-7D5C-462D-8766-867995A008D6-scaled.jpeg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>The CEO of Boeing said that the aviation manufacturer has so far lost $660 million in a deal with former President Donald Trump to produce two new airplanes to serve as Air Force One, the president\u2019s official transport.<\/p>\n<p>Boeing CEO Dave Calhoun told investors during the company\u2019s quarterly earnings call Wednesday that, in hindsight, Boeing should not have taken the deal because of the losses it incurred.<\/p>\n<p>\u201cAir Force One I\u2019m just going to call a very unique moment, a very unique negotiation, a very unique set of risks that Boeing probably shouldn\u2019t have taken,\u201d Calhoun said on the call. \u201cBut we are where we are, and we\u2019re going to deliver great airplanes.\u201d<\/p>\n<p>Boeing struck a deal with then-President Trump to modify two 747-8i jets into Air Force VC-25B aircraft that could be used as Air Force One. The deal between Boeing and the Air Force was personally negotiated by former CEO Dennis Muilenburg, and then-President Trump was also personally heavily involved with the negotiations. <a href=\"https:\/\/www.defenseone.com\/business\/2022\/04\/ceo-boeing-should-have-rejected-trumps-air-force-one-deal\/366186\/\">Defense One<\/a> noted that much of the deal was negotiated between Muilenburg and Trump at the White House and at Trump\u2019s Mar-a-Lago estate.<\/p>\n<p>Trump, an aviation enthusiast who flew between stops in the 2016 campaign on his own private plane, a converted Boeing 757-200 jetliner jokingly dubbed \u201cTrump Force One,\u201d reportedly negotiated everything from the contract to the color scheme of the airliner, selecting a red, white, and blue color scheme to replace the light blue and white color scheme used for the current aircraft. Trump had previously criticized the deal before he took office. \u201cBoeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion, Cancel order!\u201d Trump tweeted in 2016, via <a href=\"https:\/\/www.businessinsider.com\/boeing-lost-money-over-trump-demands-for-air-force-one-2022-4\">Business Insider<\/a>.<\/p>\n<p>The final $3.9 billion deal between the Air Force and Boeing was reached in February 2018. When accounting for other costs in building the planes, including a brand new hangar complex at Joint Base Andrews, the full cost of the program is expected to be about $5.3 billion. The deal included a \u201cfixed-price\u201d agreement, in which Boeing, not American taxpayers, would bear any costs above and beyond the agreed-upon cost. To save money, Boeing is not building the aircraft from the ground up, but is instead repurposing two existing 747-8i aircraft that were intended to be sold to a Russian airline that went bankrupt in 2015, Business Insider reported.<\/p>\n<p>In its quarterly earnings report, Boeing said that the losses were \u201cprimarily driven by higher supplier costs, higher costs to finalize technical requirements and schedule delays.\u201d Boeing officials told Defense One that the company is involved in a dispute with a subcontractor, as well as ongoing supply chain bottlenecks and labor shortages, which are driving up costs and pushing back the timeline. The planes were scheduled to deploy in 2024 and 2025, but the Air Force\u2019s budget proposal for fiscal year 2023 said that the planes may not be ready to be put into service until 2026.<\/p>\n<p>According to the <a href=\"https:\/\/www.whitehouse.gov\/about-the-white-house\/the-grounds\/air-force-one\/\">White House<\/a> website, \u201cAir Force One\u201d refers specifically to the two \u201chighly customized\u201d jetliners equipped to transport the president. The current aircraft, designated VC-25A, is equipped with hardened electronics to protect against electromagnetic pulse attacks, secure communications equipment, and midair refueling capability to keep the president and staff in-flight for as long as necessary. The aircraft also includes a working suite for the president, along with two food preparation galleys, quarters for the president and guests, and a fully-functional operating room with a permanent doctor on staff.<\/p>\n<p><i>The Daily Wire is one of America\u2019s fastest-growing conservative media companies for breaking news, investigative reporting, sports, podcasts, in-depth analysis, books, and entertainment for a reason: because we believe in what we do. We believe in our country, in the value of truth and the freedom to speak it, and in the right to challenge tyranny wherever we see it. Believe the same?\u00a0<a class=\"in-cell-link\" href=\"https:\/\/utm.io\/ueuP8\" target=\"_blank\" rel=\"noopener\">Become a member now and join our mission<\/a>.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The CEO of Boeing said that the aviation manufacturer has so far lost $660 million in a deal with former President Donald Trump to produce two new airplanes to serve<\/p>\n","protected":false},"author":189,"featured_media":1480751,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1455982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1455982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/189"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1455982"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1455982\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1480751"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1455982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1455982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1455982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}