07192019What's Hot:

Donald Trump to Boeing: ‘Cancel order’ for new $4B Air Force One

Donald Trump tweeted Tuesday that he wants to cancel the Pentagon’s order with Boeing for a new $ 4 billion Air Force One, as the president-elect keeps playing hardball with American businesses.

Shares of Boeing stock dropped in premarket trading after the tweet.

“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!” Mr. Trump tweeted.

Later, Mr. Trump said the spending on the new airplane was “totally out of control.”

“It’s going to be over $ 4 billion for Air Force One program, and I think it’s ridiculous,” he told reporters in a rare appearance in the lobby of Trump Tower. “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 Obama administration has insisted that future presidents will need the new jumbo jet. The Pentagon placed the order with Boeing last year and the plane is not expected to be in use until 2023.

The threat to cancel the order is the latest move by the president-elect signaling a get-tough attitude toward U.S. businesses.

Mr. Trump helped convince Carrier to reverse plans to close its Indiana factory and move to Mexico, saving 1,100 jobs. He also threatened to slap a 35 percent tariff on products from U.S. companies that move abroad.


Source: www.washingtontimes.com stories: Politics

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