Boeing lost $1.1 billion on Trump Air Force One contract

Fresno CA

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Boeing disclosed Wednesday that it has lost a whopping $1.1 billion in costs related to its deal with the Trump administration to modify two 747 jumbo jets to serve as Air Force One — and CEO Dave Calhoun admitted the aviation giant “probably” should not have cut the deal in the first place. Even more losses on the Air Force One contract could be coming in future quarters, Boeing warned in a regulatory filing. (Trump is bad news all the way around.)