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Boeing [BA] on Wednesday said two of its Air Force development programs, the VC-25B presidential transport plane and the T-7A trainer aircraft, suffered more than $1 billion in combined write-offs, adding to the steady drum beat of development challenges the company’s defense business has encountered on various programs. The $660 million hit to the VC-25B program was due to higher supplier costs, higher costs to finalize technical requirements, and schedule delays, Brian West, Boeing’s chief financial officer said during the…
