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Tag Archives: Air Force One

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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Boeing CEO Dennis Mullenburg: Company to Build Presidential Airplanes within a $4B Budget

TYSONS CORNER, VA, Dec. 23, 2016 — Dennis Mullenburg, Boeing (NYSE: BA) chairman, president and CEO, has stated that the company will work with the incoming administration in an effort to build two presidential airplanes within a $4 billion budget, ExecutiveBiz reported Thursday. The Hill newspaper reported Wednesday Mullenburg discussed …

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Trump Asks Boeing for Super Hornet Competing Price Following Comments on F-35 Cost

President-elect Donald Trump has asked Boeing (NYSE: BA) to quote a competing price for its F-18 Super Hornet fighter aircraft citing cost overruns in the Lockheed Martin-built (NYSE: LMT) F-35 jet, Bloomberg reported Thursday. Anthony Capaccio and Alex Wayne write Trump made the announcement in a Twitter post Thursday a day after he …

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Boeing to Move Defense Segment HQ from St. Louis to Washington DC Region

Boeing (NYSE: BA) will shift the headquarters of its $31 billion defense segment from the St. Louis metropolitan region to the Washington, D.C. area effective Jan. 3, 2017 for top executives to gain closer proximity with government customers, a company spokesperson has confirmed to GovCon Wire. Close to a dozen senior executives including Boeing Defense, …

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Lockheed Down 5% at Midday, GovCon Index 2% Lower After Trump’s F-35 Twitter Criticism

Shares in Lockheed Martin (NYSE: LMT) traded down approximately 5 percent as noon Eastern time approached Monday after President-elect Donald Trump criticized the F-35 Joint Strike Fighter program on Twitter in the early morning hours. “The F-35 program and cost is out of control. Billions of dollars can and will …

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December 6 Market Close: GovCon Index Up on Continued Mid-Tier Defense, Services Gains

Executive Mosaic’s GovCon Index reversed its morning decline to close higher Tuesday in a second straight session of contributions by mid-tier platform and services contractors against flat or red movements by large defense primes. GovCon Index gainers outnumbered decliners by a 4-to-1 ratio and six of its 11 S&P 500 stocks …

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Boeing Gets $127M Contract Modification to Continue Risk Reduction Support for Future Presidential Aircraft

Boeing (NYSE: BA) has secured a potential $127.3 million contract modification to continue to perform risk reduction efforts for the U.S. Air Force’s Presidential Aircraft Recapitalization program. The Air Force said Friday it issued the contract modification in order to determine how to procure, build, test and modify Boeing’s 747-8 commercial aircraft …

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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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New York Times: DoD Set to Award Air Force One Contract

TYSONS CORNER, VA, October 21,  2015 — Boeing (NYSE: BA) could soon be handed a formal contract to make the next Air Force One aircraft, with an initial budget of $102 million for 2016 and a possible delivery period of 2023, ExecutiveBiz reported Tuesday. The New York Times said the Defense …

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USAF Wants Boeing 747-8 for Air Force One Replacement

The U.S. Air Force has decided to replace the current presidential aircraft platform with a customized Boeing (NYSE: BA) 747-8 series. USAF said Wednesday it plans to award Boeing with a sole-source contract to modify the company’s 747-8 design for the Presidential Aircraft Recapitalization program. “We still need to finalize …

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