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Trump, Boeing reach handshake agreement to cap Air Force One program at $3.9B
Defense News: WASHINGTON — The White House and Boeing have reached an informal deal on the new Air Force One planes that will cap the cost of developing and producing the aircraft at $3.9 billion.
CNBC and Fox News both reported the handshake agreement on Tuesday, which was confirmed to Defense News by officials with knowledge of the negotiation. According to a Boeing official, the price includes all previously definitized contracts — including a $600 million contract for design work and a still-undisclosed contract for two Boeing 747 planes — as well as the engineering, manufacturing and design contract, which has not yet been awarded.
“Boeing is proud to build the next generation of Air Force One, providing American presidents with a flying White House at outstanding value to taxpayers. President Trump negotiated a good deal on behalf of the American people,” Boeing said in a statement.
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