Boeing Posts Big Loss as Air Force One Costs Mount

“Boeing spent another quarter in the red as it poured more resources into developing new presidential jets and accelerating production of commercial planes,” the Wall Street Journal reports.

“The U.S. manufacturer said fast-tracking work on the modified 747-8 jets that will some day serve as Air Force One will cost an additional $280 million, the latest in a series of cost overruns on the more than $4 billion project.”