Boeing lost $1.2 billion on Trump’s new Air Force One, CEO says

Boeing’s CEO is lamenting the deal that his company cut with former President Donald Trump to produce new Air Force One jets. David Calhoun said ‘it was a public negotiation’ and ‘we took some risks’ in accepting a fixed-price contract that made Boeing responsible if it cost more than expected to convert two Boeing 747 jumbo jets into presidential planes. ‘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 said Wednesday, ‘but we are where we are, and we’re going to deliver great airplanes.