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00:02Boeing said it remains on track to deliver two new Air Force One jets in 2028,
00:08though completing the delayed program will require additional spending, according to Reuters.
00:13The company received a $3.9 billion contract in 2018, but costs have exceeded $5 billion.
00:21Boeing expects the first aircraft to begin testing next year
00:24and anticipates further cost growth as it completes wiring, structures, and certifications.
00:29The jets will replace presidential aircraft that entered service in 1990.
00:34The program involves converting two Boeing 747-8 planes with advanced communications and defensive systems.
00:41A luxury Boeing 747 accepted from Qatar in May 2025 is serving as a temporary aircraft.
00:48A 2028 delivery would place the program four years behind schedule.
00:52For all things money, visit Benzinga.com.
