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Air Force One debacle: Boeing has now lost more than $1 billion on each of the president’s two new jets
Boeing has been reporting losses on the planes for years, as CEO Dave Calhoun admitted last year that the company should never have signed the contract with the Air Force to produce the jets for $3.9 billion. Under pressure from then-President Donald Trump, who was threatening to cancel the contract for the planes, Boeing agreed to a fixed price contract on the two new jets. (www.cnn.com) Más...Sort type: [Top] [Newest]
You must not understand the Govt. If they ask for a change order, they pay for it. There was a SOW (statement of work) provided to Boeing and they bid on the RFP (request for proposal) so none of this would be a surprise. The main problem with Boeing is the culture of laziness established by over protective unions and coddled workers. Just compare the inability to produce the SLS (space launch system)on time or budget. But now compare this to SpaceX. Not only did they come under budget, they designed advanced recovery of the boosters, lowering the per launch cost to space, while developing the Falcon Heavy and Starship all with funds allocated for the Falcon 9. All of which had changes by multiple DoD entities as to mission perimeters, and some how not only did they get done, they got done under budget and time.
Space X is still having issues with Starship. I am sure that they will overcome these issues but the best part is that as a private company Space X pays for the research and development.
Further down in the CNN article, 'The latest loss on the Air Force One jets is only a fraction of the losses reported by the troubled aircraft manufacturer...Total losses at the company now total $25.5 billion since the grounding of its 737 Max jet for 20 months'. So there are many other losses, but the AF1 contract gats press because Mr.T. was involved.(?)
Trump may be an egomaniac, but good example here of saving taxpayer dollars.
Trump may be an egomaniac, but good example here of saving taxpayer dollars.
We pay for these planes with our taxes! Thank you President Trump for making a good deal! Boeing needs to better manage their expenses and they will make a profit!
How can a company like Boeing let this happen. If I ran my company like Boeing I would be broke now.
How far in debt is Boeing? Your company cannot afford the amount of debt they carry.