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's Air Force One program is more than $2 billion over budget and the aircraft have been delayed. 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,

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,

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,

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.