Hello, Guest!
  • Thursday, April 25, 2024

Report: Trump, Boeing Reach Potential $3.9B Deal for Presidential Aircraft Production


The White House and Boeing (NYSE: BA) have reached a potential $3.9 billion deal for the aerospace company to build two presidential planes, Reuters reported Tuesday.

“President Trump has reached an informal deal with Boeing on a fixed-price contract for the new Air Force One Program,” Hogan Gidley, deputy press secretary, told the publication.

Gidley added the U.S. government expects to save more than $1.4 billion through the agreement.

The U.S. Air Force purchased in August 2017 two Boeing-built 747-8 aircraft that will be modified to replace the aging VC-25A planes as part of the Presidential Aircraft Recapitalization program.

Modification work on the two planes will include the integration of a self-defense platform, military avionics and communications systems, the report added.

Video of the Day

Related Articles

McAleese & Associates: Boeing’s Defense Business Posted $6.6B in Q1 2019 Sales Financial Report

McAleese & Associates: Boeing’s Defense Business Posted $6.6B in Q1 2019 Sales

A new report by consulting firm McAleese & Associates says Boeing’s (NYSE: GD) defense, space and security business recorded $6.6B in sales for the first quarter of 2029, reflecting a 2 percent rise from the prior year period. Jim McAleese, founder and principal of McAleese & Associates and a 2019 Wash100 winner, wrote the BDS segment

Report: Trump, Boeing in Talks to Finalize Presidential Aircraft Deal Contract Awards

Report: Trump, Boeing in Talks to Finalize Presidential Aircraft Deal

The White House and Boeing (NYSE: BA) are in the final phase of talks over the terms of a potential deal to modify a pair of 747-8 aircraft and convert them into presidential planes, Defense One reported Thursday. Sources said Boeing CEO Dennis Muilenburg met with President Donald Trump Tuesday at the White House to address the

Boeing Lands $600M Contract Modification for Future Air Force One Preliminary Design Work Contract Awards

Boeing Lands $600M Contract Modification for Future Air Force One Preliminary Design Work

Boeing (NYSE: BA) has received a potential $599.9 million contract modification from the U.S. Air Force to conduct preliminary design activities to convert a pair of 747-8 aircraft into presidential planes. The modification covers the initial design of the future Air Force One fleet that includes the integration of a mission communication platform, self-defense system, autonomous ground operations capabilities,