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Trump Threatens to Cancel Air Force One Order, Boeing Stock Slips

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Donald Trump
Donald Trump
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President-elect Donald Trump threatened to cancel Boeing's order for the new Air Force One in a Tuesday morning tweet, citing high costs. In a surprise appearance in front of reporters at Trump Tower after sending the social media message, Trump expanded on his latest target for negotiation. "Well, the plane is totally out of control. It's gonna be over 4 billion dollars ... and, I think it's ridiculous. I think Boeing is doing a little bit of a number," Trump said. "We want Boeing to make a lot of money but not that much money." In response to Trump, Boeing issued a statement regarding the Air Force One program, putting the amount of their current contract at just $170 million with more phases to come.

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