Boeing reported a loss in the second quarter, significantly impacted by a $280 million charge related to the troubled Air Force One program. The aircraft manufacturer pushed back the delivery of two presidential planes by four years, a delay that, along with associated expenses, contributed to the larger-than-anticipated financial setback.

The company’s second-quarter results revealed the financial strain of the Air Force One project, which has been plagued by cost overruns and schedule slippages. This latest charge underscores the ongoing challenges Boeing faces in completing the two new presidential aircraft, designated as VC-25B.

The delay in the Air Force One program is a significant factor in Boeing’s recent financial performance, impacting its earnings and raising questions about the management of this high-profile defense contract. The full financial implications of these delays are still unfolding.