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Tag Archives: Air Force One

Clark Construction Group Wins $315M Contract to Build Presidential Aircraft Hangar Complex

Clark Construction Group has won a potential $315.5M firm-fixed-price contract to build a hangar complex that will house the VC-25B presidential aircraft, or Air Force One. The Department of Defense said Wednesday the project also includes construction of an aircraft access taxiway, a parking apron, lighting, a hydrant refueling system with storage tanks …

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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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Reports: Boeing Reorganizes Defense Business With 2 New Divisions

Boeing (NYSE: BA) will set up two new divisions focused on missile and weapon systems and commercial derivatives aircraft within its defense, space and security business in a move that takes effect Monday, April 2, Defense One reported Thursday. The reorganization seeks to “refine our structure around our core markets, …

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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. …

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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 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 …

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Air Force Procures 2 Boeing 747s for Presidential Aircraft Recapitalization Program

Boeing (NYSE: BA) has received a contract modification from the U.S. Air Force to convert a pair of 747-8 aircraft into presidential planes, the Air Force reported Friday. The contract award came a year after Boeing secured a potential $127.3 million contract modification to continue to perform risk reduction efforts for the Presidential …

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January 27 Market Close: GovCon Index Held Positive by General Dynamics on Upbeat 3-Year Sales Outlook

Executive Mosaic’s GovCon Index held positive Friday to end the week flat despite a majority of its 30 stocks in negative territory as S&P 500-listed General Dynamics (NYSE: GD) surged to an all-time record high during the session after the defense contractor issued a bullish three-year sales outlook. U.S. stocks traded slightly …

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Weekly Roundup January 16 – January 20 2017: Trump Transition Is Here, New Wash100 Next Week & more

Weekly Roundup January 16 – January 20 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson All eyes were on Washington today as Donald Trump took the oath of office on Capitol Hill to become the 45th President of the United States and officially …

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January 17 Market Close: GovCon Index Down on Shipbuilder Declines, Financials Drive S&P 500 Lower

Executive Mosaic’s GovCon Index tumbled Tuesday on declines from major military shipbuilders and defense technology makers as U.S. stocks traded lower with a 2.28-percent decline by financial shares the main contributor after a three-day weekend for equity markets. GovCon Index laggards outnumbered advancers by an 9-to-1 ratio and overall top performer McKesson Corp. (NYSE: MCK) was the …

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