Boeing Wins $25 Million Contract For Air Force One Aircraft Replacement

Boeing has won $25 million contract to start work on replacing Air Force One, the aircraft serving the US president, with a new aircraft based on its 747-800 design, the Department of Defense announced Friday.

"The presidential aircraft is one of the most visible symbols of the United States of America at home and abroad," Secretary of the Air Force Deborah Lee James said according to an official Air Force News Service (AFNS) report.

Work is expected to be completed by April 21, 2017, the Defense Department said.

"We will ensure the next Air Force One meets the necessary capabilities… while reflecting the office of the president of the United States of America consistent with the national public interest," James added.

The new Air Force One will have a planned 30-year life cycle, according to the Defense of Department.