Trump: Air Force One Costs Out of Control, Order Should Be Canceled

New Air Force One Likely to Cost in Excess of $4 Billion

President-elect Donald Trump had a bit of an impact on the stock market this morning, and likely made an enemy of major US military contractor Boeing when he Tweeted out criticism of the Air Force One program, saying it was going to cost $4 billion and that the US should “cancel” the order.

Boeing stock dropped in the pre-market on the Tweet, shedding about $1.5 billion in market cap, before eventually recovering by the end of trading. Boeing has issued its own statement downplaying the costs, and insisting their contract on Air Force One is just $170 million.

Trump’s assessment of the cost was not wrong, however, as the GAO has suggested the cost of developing the Air Force One design itself is going to end up costing in excess of $3.2 billion, and then the Air Force will still have to buy the planes themselves, likely at a cost of about $400 million each.

It’s unlikely Trump is actually going to be able to stop the soaring price-tag of the planes, however. Congress ultimately is responsible for deciding on the expenses, and several in Congress are already insisting the new Air Force One “will support good-paying jobs” and needs to be continued irrespective of the cost.

Last 5 posts by Jason Ditz

Author: Jason Ditz

Jason Ditz is news editor of Antiwar.com.

  • RickR35

    Now he should look into the F-35 fleecing failure.

    • Mikronos

      Lockheed Martin is doing the F35 fleecing.

  • Augustus Gustavius Salvatore C

    Trump will create amazing events … chaos … some good … some evil … he will be assassinated by the MIC ( military industrial complex ) …. many silent people will speak …. 99guspuppet

    • Mikronos

      i don’t think he stands a chance when Hilary gets the National Coven mobilized to stick large latex objects into hi ‘Ju-Ju’ and Bill is sperminating virgins in supplication the the Dark Lord that his ‘works’ will come to naught.

  • John Driessler

    With all the crap (J-35 and the deadly littoral ships–deadly for the tax payers,) this country would be fortunate to defeat Micronesia. And that’s on a good day.

    • Mikronos

      Actually we could lick them the same way we’ve fought our latest wars, with one hand tied behind our backs. They could use the post-defeat ‘Marshall Plan’.

  • esqualido

    When George Bush, the first President to hold an MBA, came into office, there was great expectation that a business-trained conservative offered hope for a balanced budget and a business-like approach to management- what a colossal disappointment the “compassionate conservative” turned out to be. But Donald Trump does not need to impress anyone flying around in a tricked out jumbo-jet: a Learjet could as well be fitted out for a fraction of the cost, and let the reporters (who did him no service anyway) fend for themselves.

  • Mikronos

    You’d think Boeing would have enough good jobs with the Drone program, and the bomb division, the missile program , the nuclear program and all the other great things it does to keep America free