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Boeing, White House Reach $3.9 Billion Deal To Build New Air Force One

Marc Selinger By
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Boeing, White House Reach $3.9 Billion Deal To Build New Air Force One
An artist's rendering of the future Air Force One. (Photo: Boeing)

Boeing [BA] has reached a $3.9 billion agreement with the White House to develop and build two new aircraft to replace the Air Force One presidential jets.The informal deal includes an engineering and manufacturing development (EMD) contract, which has not yet been awarded. It also covers efforts already under contract for the Presidential Aircraft Recapitalization (PAR) program, such as initial design work and the purchase of two commercial Boeing 747-8s. The agreement includes items unique to Air Force One, such as advanced…

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