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Tag Archives: Presidential Aircraft Recapitalization

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 …

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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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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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