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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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NewsNation

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Boeing reveals big losses on Trump Air Force One deal

Boeing lost $660 million by agreeing to former President Donald Trump’s deal for new Air Force One jets, an endeavor to which its CEO David Calhoun says the company “probably shouldn’t” have agreed…

3 years ago·Chicago, United States

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KHOU 11

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Boeing lost $1.2 billion on Trump's new Air Force One, CEO says

Boeing CEO David Calhoun said the Air Force One deal negotiated with former President Trump included risks "that Boeing probably should not have taken."

3 years ago·Houston, United States

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First Coast

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Boeing lost $1.2 billion on Trump's new Air Force One, CEO says

Boeing CEO David Calhoun said the Air Force One deal negotiated with former President Trump included risks "that Boeing probably should not have taken."

3 years ago·Jacksonville, United States

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CBS58

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

By Gregory Wallace, CNN (CNN) -- 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 repe

3 years ago·Milwaukee, United States

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Fortune

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Boeing CEO regrets building Air Force One at a bargain for Trump

The taxpayer-friendly terms agreed under the former President in 2018 means it is running already more than $1.1 billion above budget. Read More

3 years ago·New York, United States

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WBNS- 10TV

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Boeing lost $1.2 billion on Trump's new Air Force One, CEO says

Boeing CEO David Calhoun said the Air Force One deal negotiated with former President Trump included risks "that Boeing probably should not have taken."

3 years ago·Columbus, United States

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