Boeing Targets 2028 Delivery for Air Force One as Costs Rise

Boeing announced it plans to deliver the new Air Force One aircraft for the U.S. Air Force by 2028. The company stated that costs under the program have increased, impacting profitability. According to Reuters, Boeing management is striving to adhere to the project timeline. The Air Force One program is seen as a key prestige project for Boeing's defense division. However, rising material prices and supply chain issues have caused costs to exceed forecasts. The company plans to absorb some of these additional costs internally. While maintaining its 2028 delivery target, Boeing is also working to overcome technical challenges encountered during the production process. The total cost of the program has exceeded the initially set budget, a situation closely monitored by investors. Company officials stated they are in regular communication with the Air Force regarding the project's progress and are taking necessary steps to meet the delivery schedule. Boeing's defense division faces similar cost pressures on other military orders as well. This is not investment advice.