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Air Force Officially Awards Boeing $3.9 Billion For New Air Force One

Rich Abott By
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Air Force Officially Awards Boeing $3.9 Billion For New Air Force One
An artist's rendering of the future Air Force One. (Photo: Boeing)

The Air Force awarded Boeing [BA] a $3.9 billion contract on Tuesday to launch the engineering and manufacturing development (EMD) phase of the Presidential Aircraft Recapitalization (PAR) that will replace the current fleet of Air Force One presidential jets.In the contract announcement, the Air Force said $64 million is being obligated at award time, while the whole program is worth $3.9 billion.This new firm-fixed-price undefinitzed contract includes the detailed design, modification, testing, certification, and fielding of two mission-ready presidential 747-8…

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