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Tag Archives: 747-8

Air Force Formalizes $3.9B Boeing Contract for 2 Presidential Planes

The U.S. Air Force has awarded Boeing (NYSE: BA) a potential $3.9 billion contract to design, modify, test, certify and field a pair of presidential aircraft. USAF will obligate $64 million in fiscal 2018 research and development funds at the time of award, the Defense Department said Tuesday. This award formalizes an agreement that …

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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 …

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Boeing to Issue $2.05B Charge, $393M KC-46 Writedown in 2Q Earnings

Boeing (NYSE: BA) will take $2.05 billion in total after-tax charges on second quarter earnings that include a $393 million writedown on the KC-46 refueling tanker for the Air Force when the airplane manufacturer reports April-June results Wednesday. The company said Thursday the charges amount to $3.23 in earnings per share with 63 …

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Boeing Awarded Contract for Risk Reduction Support on Future Air Force One

Boeing (NYSE: BA) has received a contract of an undisclosed value to help identify risk reduction strategies for the U.S. Air Force‘s Presidential Aircraft Recapitalization program. The Air Force said Friday it will issue post-award modifications to procure Boeing’s 747-8 commercial aircraft to serve as a basis for the company …

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