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AP National Business

Boeing CEO laments deal with Trump for Air Force One planes

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Published 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. 

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