Boeing CEO laments deal with Trump for Air Force One planes

Published April 27, 2022 11:39 AM

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. But, he says, it was a public negotiation and the company took some risks. Boeing negotiated the $3.9 billion deal with former President Donald Trump, who took a keen interest in the presidential planes. It’s still not clear what the paint job on the new planes will look like.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

News Channel 3 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.