Multinational airplane manufacturer Boeing is now being challenged by President-elect Donald Trump over their heavily priced costs to construct the new Air Force One plane. Trump publicly on Twitter called for the contract to be cancelled: “Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. Cancel order!” Trump tweeted.
Reporters and media pundits inquired more about Trump’s exclamatory announcement from the man himself at the lobby of Trump Tower Tuesday. “Well the plane is totally out of control,” Trump said about the “ridiculous” costs. “I think Boeing is doing a little bit of a number. We want Boeing to make a lot of money but not that much money.”
In January, the Pentagon struck a $170 million contract with Boeing to replace the current Air Force One planes. Boeing’s stocks fell 1 percent in premarket trading since the President-elect charged the accusations of overpricing in the contract. The company itself released an official statement following Trump’s proclamation to cancel the contract:
“We are currently under contract for $170 million to help determine the capabilities of these complex military aircraft that serves the unique requirements of the President of the United States. We look forward to working with the U.S. Air Force on subsequent phases of the program allowing us to deliver the best planes for the President at the best value for the American taxpayer.”
The new planes are designed to be as fast commercial 747-8 jets (fastest in the world) and greenhouse gas friendly. They are expected to be ready to fly by 2024 — Trump’s last year in office if he wins a second term following 2020.
Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. Cancel order!
— Donald J. Trump (@realDonaldTrump) December 6, 2016
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