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The Cost For A New Air Force One Is Now At $5.2 Billion

A proposed design for the VC-25B is shown in an artist's rendering. Boeing graphic.

Air Force Magazine: New Pentagon Report Pegs Air Force One Cost at $5.2 Billion

The next Air Force One jets will cost $5.2 billion overall, according to the Pentagon’s first formal acquisition report on the presidential aircraft.

That's about the same as the total cost the Air Force provided to Defense One in March, which is significantly more than previous projections. The $4.7 billion development cost listed in the service's fiscal 2020 budget covers the price of the jets, while the $5.2 billion also includes the cost of hangar construction, engineering, and more.

In 2016, the Government Accountability Office projected the Presidential Aircraft Recapitalization program would total $3.2 billion through 2020, including development and procurement.

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Update: The cost of Trump's new Air Force One has skyrocketed nearly $2 billion from the original estimate (Business Insider)

WNU Editor: This new budget number is up from the 2016 estimate of $3.2 billion, and it covers the price of the two jets, hangar construction, engineering, and more.

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