![]() The quarterly report brought disappointing news for Boeing shareholders on several fronts. CNN Sans ™ & © 2016 Cable News Network.Market Pulse: Boeing’s ‘dreadful’ quarter is just more bad news for investors, analyst saysīoeing offered some optimism for improvement, however, saying that it has submitted plans to resume deliveries of its 787 airliner and it increased production and deliveries of the 737 Max passenger jet during the quarter.Ĭalhoun said the company was on track to generate positive cash flow over the entire year “despite the pressures on our defense and commercial development programs.” Market holidays and trading hours provided by Copp Clark Limited. ![]() All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. ![]() Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account – CNN’s Barbara Starr contributed to this report That’s beyond the planned retirement date of the two 1990 Boeing-built jets now in use as Air Force One, which had been set to be replaced by 2025. The added delays could push back deliveries of the new jets to 2026, according to Boeing and Wednesday’s GAO report. He said the 2018 deal with the Air Force included “a very unique set of risks that Boeing probably shouldn’t have taken.” On a call with analysts in April, Boeing CEO David Calhoun said the $3.9 billion contract that Boeing signed to build the planes was a mistake for the company, given the losses it is now incurring. That contractor was replaced, further setting back progress. The airline builder also had a dispute with a subcontractor that was working on the interior of the new jets. (Photo by Pete Marovich - Pool/Getty Images) Pete Marovich/Pool/Getty Imagesīoeing 'probably shouldn't have taken' Trump-negotiated Air Force One deal, CEO says Trump, the first president in more than 150 years to refuse to attend his successor's inauguration, is expected to spend the final minutes of his presidency at his Mar-a-Lago estate in Florida. President Donald Trump and first lady Melania Trump wave to supporters as they board Air Force One to head to Florida on Januin Joint Base Andrews, Maryland. The General Accountability Office said in a report issued Wednesday that the planes undergo a comprehensive series of tests as part of the multi-year process of upgrading two standard 747s for use by the president and other national security officials. The Air Force also didn’t say how the problem was discovered. The Air Force did not disclose when there will be a decision on the colors to be used, or what options are under consideration. Painting is typically among the final stages of completion before a plane is delivered, so it’s unlikely the new jets will need to be repainted. “Further analysis concluded darker colors, among other factors, on the underside of the VC-25B aircraft might contribute to temperatures exceeding the current qualification limits of a small number of components.” “The paint scheme in question was one of many possible livery colors proposed,” an Air Force spokesperson told CNN Thursday. Trump instead wanted a red, white and dark blue palette that more closely matches the colors of the US flag.īut it turns out the darker blue - which some observers say is similar to the color scheme on one of Trump’s personal jets - poses challenges to the military planes’ sophisticated electronics system that ensures the president can stay in secure communication with officials on the ground - even in the case of a nuclear attack. ![]() Trump had criticized the jet’s current color scheme, which has changed little since the Kennedy Administration, particularly the light blue stripe that runs the length of the plane. Now there is a new potential problem to contend with: the paint job that former President Donald Trump ordered. The two new Air Force One jets currently being built by Boeing are facing costly delays. ![]()
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