Boeing CEO knocks planemaker's deal with Trump on Air Force One

Boeing said Wednesday it recorded a $660m charge in its development of Air Force One as its chief executive questioned the planemaker's US presidential aircraft deal. In December 2016, then US President-elect Donald Trump extracted a promise from then Boeing CEO Dennis Muilenburg that the cost of replacing Air Force One would not exceed $4b. Trump had earlier urged the government to cancel purchase of Boeing's new Air Force One saying it was "ridiculous" and too expensive. Boeing on Wednesday recorded a $660m charge on the Air Force One program, "primarily driven by higher supplier costs, higher costs to finalize technical requirements and schedule delays." It recorded a $318m charge in April 2021 on the program "largely due to COVID-19 impacts and performance issues at a key supplier." "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 shouldn't have taken," Boeing CE Dave Calhoun told investors. "But we are where we are, and we're going to deliver great airplanes. And we're going to recognize the costs associated with it."<br/>