Boeing CEO Laments Deal with Trump for Air Force One Planes – By David Koenig (Associated Press) / April 27, 2022
Boeing’s CEO is lamenting the deal that his company cut with former President Donald Trump to produce new Air Force One jets.
David Calhoun said “it was a public negotiation” and “we took some risks” in accepting a fixed-price contract that made Boeing responsible if it cost more than expected to convert two Boeing 747 jumbo jets into presidential planes
“Air Force One I’m just going to call a very unique moment, a very unique negotiation, a very unique set of risks that Boeing probably should not have taken,” Calhoun said Wednesday, “but we are where we are, and we’re going to deliver great airplanes.”
Calhoun commented on the planes when an analyst asked him about the matter during a call to discuss Boeing’s first-quarter earnings results. The company lost $1.2 billion and took a $660 million write-down for Air Force One.
