Big Law
Boeing Reports a $1.1 Billion Loss on the Trump Air Force One Contract
Boeing disclosed Wednesday that it has lost a whopping $1.1 billion in costs related to its deal with the Trump administration to modify two 747 jumbo jets to serve as Air Force One — and CEO Dave Calhoun admitted the aviation giant “probably” should not have cut the deal in the first place.
Even more losses on the Air Force One contract could be coming in future quarters, Boeing warned in a regulatory filing.
Air Force One is the official designation for any plane carrying the president of the United States.
