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Boeing gets $3.9 billion contract for new Air Force One jets [View all]
Source: Reuters
BUSINESS NEWS JULY 17, 2018 / 7:30 PM / UPDATED 28 MINUTES AGO
Boeing gets $3.9 billion contract for new Air Force One jets
Reuters Staff
3 MIN READ
WASHINGTON (Reuters) - Boeing Co (BA.N) has received a $3.9 billion contract to build two 747-8 aircraft for use as Air Force One by the U.S. president, due to be delivered by December 2024 and painted red, white and blue, officials said on Tuesday.
The Pentagon announced the decision on Tuesday, saying Seattle-based Boeing’s previously awarded contract for development work had been expanded to include design, modification and fielding of two mission-ready presidential 747-8 aircraft.
The contract followed the outlines of the informal deal reached between Boeing and the White House in February. That agreement came after President Donald Trump objected to the $4 billion price tag of a previous Air Force One deal, complaining in a Twitter post that “costs are out of control” and adding “Cancel order!”
The White House said in February the new deal would save taxpayers more than $1.4 billion, but those savings could not be independently confirmed.
-snip-
Boeing gets $3.9 billion contract for new Air Force One jets
Reuters Staff
3 MIN READ
WASHINGTON (Reuters) - Boeing Co (BA.N) has received a $3.9 billion contract to build two 747-8 aircraft for use as Air Force One by the U.S. president, due to be delivered by December 2024 and painted red, white and blue, officials said on Tuesday.
The Pentagon announced the decision on Tuesday, saying Seattle-based Boeing’s previously awarded contract for development work had been expanded to include design, modification and fielding of two mission-ready presidential 747-8 aircraft.
The contract followed the outlines of the informal deal reached between Boeing and the White House in February. That agreement came after President Donald Trump objected to the $4 billion price tag of a previous Air Force One deal, complaining in a Twitter post that “costs are out of control” and adding “Cancel order!”
The White House said in February the new deal would save taxpayers more than $1.4 billion, but those savings could not be independently confirmed.
-snip-
Read more: https://www.reuters.com/article/us-usa-boeing-af1/boeing-gets-3-9-billion-contract-for-new-air-force-one-jets-idUSKBN1K72SH
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