Boeing logs record $715B backlog while Air Force One VC-25B replacement costs balloon
Boeing reported a larger-than-expected Q2 loss, citing a $280 million charge tied to the troubled VC-25B Air Force One replacement. The company says it remains on track to deliver the first two modified B747-8(VC-25B) aircraft in 2028, even as it continues to pay out of pocket for cost overruns. Revenue rose to $24.6 billion, with free cash flow improving as turnaround plans gained momentum.