We have an update on this story. Boeing already came up with a new proposal already.
— Bloomberg Politics (@bpolitics) December 7, 2016
Earlier today, Donald Trump said we should cancel the order for the new Air Force One jets because $4 billion is too much. We want Boeing to make money but not that much money.
Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. Cancel order!
— Donald J. Trump (@realDonaldTrump) December 6, 2016
U.S. President-elect Donald Trump urged the government to cancel purchase of Boeing’s new Air Force One plane on Tuesday, saying it was “ridiculous” and too expensive.
“Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. Cancel order!” said Trump in a Twitter message.
Speaking shortly afterward to reporters in New York, Trump said, “The plane is totally out of control. I think it’s ridiculous. I think Boeing is doing a little bit of a number.”
“We want Boeing to make a lot of money but not that much money,” added Trump, who takes office on Jan. 20.
Reuters said that according to the latest figures, Trump is likely correct about the $4 billion price tag. Research and development is already at $2.7 billion for first two years, a number that is already budgeted and approved, and the Government Accountability Office warned last year that the cost would be approximately $3.2 billion. By the time the aircraft is delivered, the total cost will be over $4 billion, because the government still has to buy the two aircraft once they are built.
Their stock has gone down since Trump tweeted and backed up his tweets with brief comments to reporters.
Air Force One is so much more expensive than commercial planes because of the communications package and air defense measures, Reuters continued. Boeing was the only choice for the build because it’s an American company and they have the only four-engine aircraft, a necessity due to the weight.
There has to be a lot of waste.
In 2009, President Obama canceled Lockheed’s order for a new Marine One, a 23-helicopter program with ballooning costs.
“The helicopter I have now seems perfectly adequate to me,” President Obama said at the time.
The problem with Air Force One is that the current one is near the end of its predicted lifespan.