The United States Government Accountability Office (GAO) has issued a critical update on Boeing Co. $BA and its ongoing struggle to deliver the next-generation Air Force One aircraft, citing major delays, escalating costs, and persistent labor shortages. The ambitious program, officially known as the VC-25B Presidential Aircraft Recapitalization, has now significantly overshot its initial budget and timeline. Originally envisioned as a showcase of American aerospace excellence, the project is becoming a cautionary tale in defense procurement.

In today's world, global supply chain disruptions can significantly impact market dynamics and alter the expectations of market participants. One striking example is the Air Force One program, which may be delayed until 2029 or even later. Senior officials have pointed to supply chain issues and evolving aircraft requirements as the primary causes of this delay.