Pentagon Probes Boeing Security Credentials Lapse For Air Force One: Report - Boeing (NYSE:BA)

  • Pentagon officials are probing about Boeing Co BA employees working on Air Force One planes without security credentials.
  • The Defense Department and Boeing are also examining how long many workers with access to the jets lacked certain current security credentials, WSJ reported.
  • The report further noted that Boeing employees’ Yankee White security credentials had expired months or years ago.
  • The lapse covers about 250 Boeing employees who have maintained their top secret security clearances.
  • “The Air Force is taking the situation very seriously and believes the Boeing Company is making every effort to quickly resolve this issue,” the report quoted a spokeswoman for the Air Force.
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  • Boeing reportedly notified the Pentagon about the security-credential lapse on March 14. Following the security-credential issue, the affected Boeing employees temporarily lost access to restricted areas for the current and future presidential jets.
  • As of Sunday, most affected employees were again eligible for access to the secured spaces.
  • The report noted Boeing had booked nearly $2 billion in losses associated with the new Air Force One project since it struck a deal with then-President Donald Trump in 2018.
  • Price Action: BA shares are trading higher by 0.12% at $196.41 on the last check Thursday.
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