Boeing has lost more than $2 billion producing the Next Air Force One after President Donald Trump renegotiated the deal in his first term.

Boeing has already amassed $2.6 billion of reach-forward losses on the $3.9 billion fixed-price VC-25B contract as of Q2 2024.

President Donald Trump struck a deal for the replacement aircraft during his first term. Boeing is working with Trump advisor Elon Musk on ways to deliver delayed, overbudget Air Force One replacements sooner, CEO Kelly Ortberg said Tuesday.

Elon Musk used his new government efficiency role to stop by the operations of his competitor Boeing to look into the long-delayed efforts to renovate two 747 jets into the next generation of Air Force One jets,

With Donald Trump swearing-in on Monday as the next President of the US, the "Air Force One" title will be upon any Air Force aircraft that he travels in.

Elon Musk has taken on a new role as the First Buddy: monitoring the progress on the long-awaited revamped Air Force One jets. The new Air Force One planes, made by Boeing, are currently $2.7 billion over budget and three years behind schedule.

Air Force None After leaving the federal government's operations in shambles and causing major confusion over healthcare funding, SpaceX CEO and White House advisor Elon Musk is prioritizing the delivery of a pair of luxurious Boeing 747s so he and president Donald Trump can jet around in style.

President Trump ordered the next generation of presidential planes during his first term, spent four years out of office, and returned to find the two modified 747s not yet delivered by Boeing. In addition to being years behind schedule,