Trump Wants to Cancel New Air Force One Order with Boeing (BA)
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President-elect Donald Trump wants to cancel the Boeing (NYSE: BA) order for a new 747 Air Force One, saying costs are out of control.
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
The Air Force initially awarded Boeing a contract worth $25.8 million, however, the Air Force previously said it earmarked $1.65 billion for two replacement jets.
Answering questions on the matter at Trump Towers Tuesday morning, Mr. Trump said, "We want Boeing to make a lot of money but not that much money."
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