Boeing lost $1.2 billion on Trump's new Air Force One, CEO says
Headline from KING 5 Seattle
Boeing CEO David Calhoun said the Air Force One deal negotiated with former President Trump included risks "that Boeing probably should not have taken."
KING 5 Seattle's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Donald Trump had bragged his deal with Boeing for the Air Force One program would save taxpayers more than a billion dollars. It’s cost Boeing more than that.
By DAVID KOENIG Associated Press Boeing’s CEO says Boeing cut a bad deal when it agreed to produce two new Air Force One jets. CEO David Calhoun said Wednesday that Boeing probably should not have taken the fixed-cost contract, which makes the company responsible for cost overruns.
Boeing's CEO on Wednesday called the unusual deal his predecessor negotiated with then-President Donald Trump for the next generation of Air Force One a one-off that he hopes not to repeat.
Boeing CEO David Calhoun suggested Wednesday that the company's deal with former President Trump to provide a new Air Force One fleet at a fixed price was a mistake now that development costs have surged.
Boeing CEO David Calhoun said the Air Force One deal negotiated with former President Trump included risks "that Boeing probably should not have taken."
