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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.
4 months ago·Washington, United States

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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.

4 months ago·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.

4 months 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

4 months ago·London, 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.

4 months ago·United Kingdom
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Washington Times

Boeing CEO laments Air Force One deal with Trump

Boeing’s CEO is lamenting the deal that his company cut with former President Donald Trump to produce new Air Force One jets.

4 months ago·Washington, 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.

4 months ago·Atlanta, United States
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