Boeing takes $280 million hit on troubled Air Force One program

Boeing's effort to modernize the Air Force One fleet is running into significant trouble, resulting in a $280 million loss in the second quarter of 2026. The project, which has already fallen four years behind schedule, highlights ongoing issues in defense contracting. This setback underscores the challenges Boeing faces in meeting government timelines and budget expectations, raising questions about the future of the program and its impact on national security and presidential travel logistics.