Boeing posts bigger loss than expected as Air Force One costs weigh on results

Boeing reported a wider-than-expected second-quarter loss, weighed down by a $280 million charge on its long-delayed Air Force One program. The aircraft manufacturer's quarterly results missed analyst estimates as losses from the presidential aircraft project added to ongoing financial pressures.

The Air Force One charge marks the latest setback for Boeing's defense division, which has struggled with cost overruns on high-profile government contracts. The $280 million hit comes as the company continues to navigate production challenges and regulatory scrutiny across its commercial and defense operations.

Boeing shares remain sensitive to quarterly earnings misses and program-specific charges. The defense segment's underperformance adds to investor concerns about margin compression and execution risk on fixed-price government contracts. The Air Force One program has been delayed for years, with Boeing previously warning of escalating costs on the project.

The earnings miss compounds broader challenges facing the aerospace giant as it works to stabilize production and restore investor confidence following years of operational and safety issues.