Boeing has lost more than $25 billion since 2018 as its aircraft-manufacturing business cratered after those crashes. For a time, the defense and space side of the company provided a partial cushion, posting strong profits and steady revenue through 2021. Since 2022, however, Boeing's defense and space division has stumbled too, losing $6 billion — slightly more than the airplane side of the company in the same period. The results have been dragged down by several fixed-price contracts for NASA and the Pentagon, including a deal to build new Air Force One presidential jets. Boeing has found itself on the hook as costs for those projects have risen far beyond the company's estimates. The company recorded a $1 billion loss from fixed-price government contracts in the second quarter alone, but the problem is not new. "We have a couple of fixed-price development programs we have to just finish and never do them again," then-CEO David Calhoun said last year. "Never do them again."