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Boeing Expects Additional Cost Hit on Air Force One Program

July 19, 2026

2 min read

Key Takeaways

Boeing expects additional cost overruns on the VC-25B program.
The company aims to deliver the first new Air Force One planes by 2028.
Cost growth will focus on meeting the 2028 delivery timeframe.
Boeing has taken $2.8 billion in charges so far due to delays.

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Strategic Implications

This development may indicate Boeing's commitment to meeting the 2028 delivery deadline, despite potential cost overruns. The company's focus on ensuring the aircraft meet every technical specification suggests a prioritization of quality and safety, which could impact the program's overall cost and timeline.

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What Happened

Cost Overruns Anticipated to Meet 2028 Delivery Deadline

Boeing’s defense CEO, Steve Parker, has announced that the company expects to take additional cost overruns on the troubled VC-25B program to ensure delivery of the first new Air Force One planes by 2028. The program has been plagued by technical setbacks and workforce challenges, resulting in delays and $2.8 billion in charges so far. Boeing is financially responsible for covering all cost overruns as part of the firm, fixed-price deal agreed to by President Donald Trump in 2018. The company has completed all engineering on the VC-25B and has started aircraft modifications, with testing expected to begin next year. This update was first reported by Breaking Defense.

Source | Originally Published: July 17, 2026

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