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Boeing shares climb on presidential plane progress
Boeing's shares rose by 2.8% after a report by the U.S. Congress indicated that the company has made progress in addressing technical challenges that had caused delays in the delivery of the American presidential aircraft (Air Force One). The first delivery is expected to occur by 2028. The report noted that the program includes improvements to the environmental control system and efforts to resolve cabin depressurization issues, as well as initiatives to recruit and retain qualified technicians. Additionally, the report highlighted delays related to the U.S. hypersonic weapon and other military programs that have extended beyond 12 years, with costs continuing to increase over time.
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