Boeing, Trump Reach Deal for Two New Air Force One Aircraft

Feb 27, 2018

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

The Trump Administration confirmed today that it has reached a deal with Boeing for two new Air Force One aircraft, CNBC reports. The deal for the two 747-8 aircraft is expected to total $3.9 billion.

“President Trump has reached an informal deal with Boeing on a fixed price contract for the new Air Force One Program,” a White House spokesman told CNBC. “Thanks to the President’s negotiations, the contract will save the taxpayers more than $1.4 Billion.”

The list price for one of Boeing’s 747-8s is $351.4 million, according to Reuters. But the jumbo jet will require significant modifications before carrying the president.

The administration had formally “booked” its order with Boeing for two of its 747-8 planes back in November 2017, but the price was still being negotiated.

As president-elect, Trump complained about the price tag for replacing Air Force One.

In December 2016, he tweeted:

That complaint resulted in a pledge from Boeing CEO Dennis Muilenburg that costs for a new Air Force One would not exceed $4 billion.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.