Finance
Boeing CEO says Musk 'helping in a big way' on timing of Air Force One planes
Published by Global Banking & Finance Review®
Posted on February 20, 2025
3 min readLast updated: January 26, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 20, 2025
3 min readLast updated: January 26, 2026
Boeing CEO credits Elon Musk for aiding in Air Force One delivery timing, addressing delays and cost overruns. Boeing faces supply chain challenges.
By Allison Lampert, Abhijith Ganapavaram and David Shepardson
(Reuters) - Boeing CEO Kelly Ortberg on Thursday said Elon Musk, the head of its space business rival SpaceX, is "helping us a lot" in navigating through delays in delivering Boeing's Air Force One presidential jet.
Ortberg also told an investor conference that he expects top U.S. aviation regulators to visit Seattle soon, where the planemaker's strongest-selling 737 MAX jet is produced.
Ortberg, who took the helm of Boeing six months ago, is trying to grow production of the embattled planemaker's MAX and 787 jets to at least 38 a month, while sorting contracts that hit its defense unit with pre-tax charges of $1.7 billion in the fourth quarter.
Ortberg told the Barclays Industrial Select Conference that Boeing is making progress with the help of Trump's cost-cutting ally Musk in improving the delivery time, which will eliminate the risk of continued cost overruns.
"Elon Musk is actually helping us a lot in working through the requirements ...so that we can move faster and get the president those airplanes delivered," Ortberg said.
"And you know he's a brilliant guy so he's able to pretty quickly ascertain the difference between technical requirements and things that we can move out of the way and he's helping us in a big way."
Earlier this week, a senior administration official said the Air Force One program may be further delayed until 2029 or years later due partly to supply chain problems. Trump has said he was not happy with Boeing due to delays in delivering Air Force One planes, adding his administration might have to "do something else."
Problems in the aerospace supply chain have hampered the recovery of the embattled planemaker which has lurched from crisis to crisis, and also weighed on production plans by European rival Airbus .
U.S. Transportation Secretary Sean Duffy and Federal Aviation Administration Acting Administrator Chris Rocheleau are expected to visit Seattle sometime in March, a source familiar with the matter said.
While Ortberg said the 737 supply chain was in good shape, he acknowledged the planemaker is assessing the impact of a fire this week at a Pennsylvania factory and key Boeing supplier that makes fasteners for aircraft. Boeing shares dipped 2% in late morning trade.
An industry source said the fire at SPS Technologies, part of Berkshire Hathaway-owned Precision Castparts, is significant for Boeing as it is an important producer of fasteners for the 787. Dreamliner production is set to grow from five a month to seven a month this year.
"We do have a lot of components that come out of that factory," Ortberg said. "I just heard, for example, that a big shipment that they had to ship to us - the parts are done and they are okay and they are in their warehouse but we can't get them out right now."
(Reporting By Allison Lampert in Montreal and Abhijith Ganapavaram in Bengaluru. Additional reporting by David Shepardson; Editing by David Gregorio)
Elon Musk is helping Boeing navigate through delivery delays by working on technical requirements to expedite the process, according to Boeing CEO Kelly Ortberg.
Boeing aims to grow production of the 737 MAX and 787 jets to at least 38 per month while addressing various contract issues.
A fire at a Pennsylvania factory, which is a key supplier of fasteners for the 787, has raised concerns about its impact on Boeing's production.
U.S. Transportation Secretary Sean Duffy and FAA Acting Administrator Chris Rocheleau are expected to visit Seattle sometime in March.
The Air Force One program may face further delays until 2029 or later due to ongoing supply chain problems.
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