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Presidential Aircraft Recapitalization

Boeing Loses $1 Billion on VC-25B, T-7A; Calhoun Pledges to Rethink Lowball Bids

April 27, 2022 | By John A. Tirpak
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 ...
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