President-elect Trump on his desire to cancel Boeing’s Air Force One order: “We want Boeing to make a lot of money, but not that much money” pic.twitter.com/kIdpCy0JuX
— CNN (@CNN) December 6, 2016
According to a report from Reuters as well as ABC News, President Elect Donald Trump is set to meet with the CEOs of aerospace giants Boeing and Lockheed Martin to discuss his recent Twitter criticism of their government contracts. This is the Boeing-related tweet in question:
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
Later that morning, Trump followed up with the comments he made in the video embedded at the top of this article. “The plane is totally out of control. It’s going to be over $4 billion for Air Force One program and I think it’s ridiculous,” he said. “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.” The official figures, according to government estimates (page 166, to be precise), are $3.21 billion for the period covering 2010 through 2020, with about $1.99 billion of that figure being allotted to research and development. In addition, no new planes had been ordered yet when Trump made the comments.
After an initial drop the morning of Trump’s tweet, Boeing’s stock has since rebounded to several dollars higher than it was the day before.
UPDATE: Boeing CEO Dennis Mullenburg said after the meeting that no, the next Hire Force One will not cost $4.2 billion:
— CNBC Now (@CNBCnow) December 21, 2016
[Photo: CNN screen grab]
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