Boeing lost more than a billion dollars on two Air Force programs in the first quarter of fiscal 2022, getting "whacked" by inflation, the pandemic, and supply chain issues, CEO David L. Calhoun said. He admitted that Boeing lowballed its bids for the fixed-price development ...
Air Force One
The Air Force has made another investment in hypersonic aircraft, teaming up with venture capital firms to give a $60 million contract to startup Hermeus, which is looking to develop a jet that can travel at five times the speed of sound.
The existing VC-25As, known as Air Force One when the President is on board, may have to undergo another maintenance cycle, requiring Air Mobility Command to take funding from other requirements, as the replacement program faces a possible schedule slip. Boeing presented the Air Force ...
Boeing reported its sixth straight loss in its first-quarter earnings report April 28, including a new charge on the Air Force One replacement program. However, Boeing Defense saw increased revenue, spurred largely by new KC-46, P-8, and V-22 contract awards. Company CEO David L. Calhoun ...
“An unauthorized individual” breached Joint Base Andrews, Md., on Feb. 4, a base spokesperson confirmed to Air Force Magazine via email. The Air Force Office of Special Investigations is leading the investigation into the incident, they said.
Want to know what the next Air Force One Will look like? You’ll have to wait. Deciding on the color scheme for the VC-25B, which is under development to replace the current VC-25As that serve as Air Force One, is not on the immediate to-do ...
Former President Donald J. Trump on the morning of Jan. 20 took off on Air Force One from Joint Base Andrews, Md., for the last time, after brief remarks highlighting his administration’s accomplishments in adding military funding and creating the newest military service. Hours before ...
Senior Department of the Air Force leaders have repeatedly tested negative for the coronavirus within the past several days, as news emerged early Oct. 2 that President Donald J. Trump and First Lady Melania Trump contracted COVID-19. Top military officials, including Secretary of the Air ...
Boeing must pay another $151 million out of pocket for the KC-46 program, the company announced in an earnings call July 29. This time, the company incurred the extra cost because the coronavirus pandemic is slamming the aerospace industry. Parts and work for the new ...
Boeing's anticipated closure of the 747-8 line won't create a parts crisis for the Air Force, which expects the company to support the type until the newest “Air Force One” aircraft retire in 2055. The Air Force hasn't yet decided what it will do to ...
The Air Force is reshuffling the oversight of its fighters, bombers, and mobility aircraft, separating fighters and bombers and putting tankers and the Open Skies recap program together with other airlift programs. The reorganization is meant to put greater emphasis on bombers and extract the ...
The Pentagon’s top acquisition official anticipates the military will see a three-month setback across its major defense acquisition programs as the coronavirus pandemic throws contractors and program officials off their usual rhythm. “We do anticipate about a three-month slowdown at slower rates in terms of ...