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Boeing working to accelerate Air Force One replacements delivery, CEO says
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Boeing working to accelerate Air Force One replacements delivery, CEO says
Jan 28, 2025 6:58 AM

Jan 28 - Boeing ( BA ) is working with the Trump administration

to speed up delivery of two replacement presidential aircraft,

better known as Air Force One, Boeing ( BA ) CEO Kelly Ortberg said in

an interview on Tuesday.

The U.S. planemaker has already lost more than $2 billion on

the fixed-price program and the planes are not expected to be

delivered until later this decade, several years behind

schedule.

"Clearly, the president would like the airplane earlier, and

so we're working to see what could be done to accomplish that,"

Ortberg told Reuters.

Ortberg said he is focused on stabilizing the company around

its strengths. He said he is looking at non-core segments to

sell, likely from Boeing's ( BA ) defense, space and services

divisions. Boeing's ( BA ) commercial airplanes business is already

streamlined, he said.

For now, that business is focused on stabilizing and ramping

up production of its existing airplanes, and he said he does not

plan to start work on a new airplane program in the near

future.

(Editing by Rod Nickel)

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