Published 2 years ago

Boeing CEO Admits Mistake on Trump’s Air Force One Deal

Summary by Ground News

Boeing lost $1.2 billion and took a $660 million write-down for Air Force One. David Calhoun was on the board but he was not CEO when Boeing agreed to the $3.9 billion deal with the White House in 2018. Calhoun said he doesn't want any more fixed-price contracts.

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BBC News

Boeing: Plane-maker reveals losses from Trump Air Force One deal

The US plane-maker reveals costs from the deal former US President Donald Trump renegotiated.

2 years ago·United Kingdom

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The Independent

Boeing CEO says it should have refused Trump’s Air Force One deal that cost it $660m

Company agreed fix-price contract and to cover any overspend on $4bn project

2 years ago·London, United Kingdom

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Reuters

Boeing CEO knocks planemaker's deal with Trump on Air Force One

Boeing said Wednesday it recorded a $660 million charge in its development of Air Force One as its chief executive questioned the planemaker's U.S. presidential aircraft deal.

2 years ago·United Kingdom

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Daily Express

Donald Trump’s Air Force One deal ‘severely impacted’ Boeing, says plane-maker CEO

DONALD TRUMP's Air Force One deal did not turn out to be profitable for Boeing, the plane-maker's CEO said on Wednesday.

2 years ago·United Kingdom

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Associated Press News

Boeing CEO laments deal with Trump for Air Force One planes

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

2 years ago·United States

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CNN

Boeing 'probably shouldn't have taken' Trump-negotiated Air Force One deal, CEO says

Boeing's CEO on Wednesday called the unusual deal his predecessor negotiated with then-President Donald Trump for the next generation of Air Force One a one-off that he hopes not to repeat.

2 years ago·Atlanta, United States

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