Boeing's New Air Force One Fleet Hits $3 Billion Cost Overrun

Boeing is addressing cracked parts on its new Air Force One 747-8s, an issue that has contributed to a $3 billion cost overrun. The company is fixing the cracks in accordance with a directive from the Federal Aviation Administration (FAA).

The FAA ordered inspections and repairs after discovering the cracks in certain parts of the aircraft. Boeing is working closely with the agency to ensure compliance.

Boeing's new Air Force One 747-8s were supposed to be delivered at a cost of $2 billion, but the total price has now ballooned to $5 billion due to various issues, including the cracked parts and delays in production.