Boeing is still working on the next generation Air Force One (the current one is pictured here). | Photo by Nathan Howard/Getty Images
Boeing’s CEO, Dave Calhoun, says that the company’s deal with Trump to build Air Force One was a risk the company “probably shouldn’t have taken.” The comment was made on Wednesday during a conference call to discuss the company’s Q1 results for 2022, which show that the Air Force One program went $660 million over its expected budget in the past few months. In a financial filing (PDF), Boeing reports that it’s now lost $1.1 billion on the contract.
“Air Force One I’m just gonna call a very unique moment, a very unique negotiation, a very unique set of risks that Boeing probably shouldn’t have taken, but we are where we are and we’re going to deliver great airplanes. And we’re gonna recognize the cost associated with it,” says Calhoun.
