Boeing CEO David Calhoun suggested Wednesday that the company's deal with former President Trump to provide a new Air Force One fleet at a fixed price was a mistake now that development costs have surged.
"I will have a very different philosophy with respect to fixed price development," Calhoun said. "So I don't expect, and I hope never to contribute to that issue."
Boeing CEO David L. Calhoun, is introduced shortly before President Donald Trump and Chinese Vice Premier Liu He, signed phase 1 of a trade deal between the U.S. and China, in the East Room at the White House, on January 15, 2020, in Washington, DC. "Air Force One I’m just going to call a very unique moment, a very unique negotiation, a very unique set of risks that Boeing probably should not have taken," Calhoun explained, "but we are where we are, and we’re going to deliver great airplanes."
The $3.9 billion deal to convert two Boeing 474 jets into flying presidential offices was negotiated by former CEO Dennis Muilenburg, and the
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