Air Force One: Trump Threatens to Cancel Boeing Order

Donald Trump
Donald Trump

President-elect of the United States Donald Trump has threatened to cancel the Boeing order for Air Force One, a dedicated aircraft for the U.S. Presidents.

Trump said Tuesday that the cost of building the new aircraft is very high. “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!” Trump tweeted.

But Boeing (NYSE: BA) responded immediately about its plan for the Air Force One. “We are currently under contract for $170 million to help determine the capabilities of these complex military aircraft that serve the unique requirements of the President of the United States,” the company said in a statement issued Tuesday.

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“We look forward to working with the U.S. Air Force on subsequent phases of the program allowing us to deliver the best planes for the President at the best value for the American taxpayer,” Boeing added.

Earlier in October, as the Republican presidential nominee Trump had said that if he is elected U.S. President his administration would not allow telecom major AT&T to acquire leading content player Time Warner.

The companies had announced that they have entered into an agreement under which AT&T will acquire Time Warner in a stock-and-cash transaction valued at $107.50 per share.

The purchase price implies a total equity value of $85.4 billion and a total transaction value of $108.7 billion.

Photo courtesy: Trump / Twitter

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