A Boeing 747-8 takes off March 20, 2011 in Everett, Wash. (Robert Sorbo/Reuters)

The Air Force said Wednesday that it will award Boeing the contract to build the next Air Force One.

The contract won’t be competed because Boeing’s 747-8 was the only plane made in the United States that could meet the requirements for the presidential aircraft while also being “consistent with the national public interest,” Air Force Secretary Deborah Lee James said in a statement.

A contract has not yet been awarded. Pentagon officials are still working out details with Boeing, the Air Force said. James said that the Pentagon “will insist upon program affordability through cost-conscious procurement practices.”

The plane is expected to reach its initial operational capability by 2023.