President Donald Trump toured a Boeing plane on Saturday to highlight delays in the Air Force One program, the White House said. Two new aircraft were initially set for a December 2024 delivery and are now expected in 2027 or 2028. Trump negotiated the $4 billion contract during his first term, and Boeing later stated the pricing was too low. Boeing cited supply chain issues, costs, and complexity for the delays. Boeing CEO Kelly Ortberg said the company is working with Elon Musk to accelerate the Air Force One program despite SpaceX competing with Boeing’s space division. Ortberg told CNBC that Trump wants the planes sooner, prompting discussions on expediting the schedule.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump toured a Boeing plane on Saturday to highlight delays in the Air Force One
00:07program, the White House said. Two new aircrafts were initially set for a December 2024 delivery
00:12and are now expected in 2027 or 2028. Trump negotiated the $4 billion contract during
00:18his first term and Boeing later stated that the price was too low. Boeing cited supply chain
00:22issues, cost and complexity for the delays. Boeing CEO Kelly Ortberg said the company is
00:28working with Elon Musk to accelerate the Air Force One program, despite SpaceX competing
00:33with Boeing's space division. Ortberg told CNBC that Trump wants the plane sooner,
00:38prompting discussions on the expedite of the schedule.