Donald Trump took to his Twitter on Tuesday morning to voice his concerns on Boeing’s hefty price tag. The newly President Elect declared that the Air Force should cancel its contract with Boeing to build two new presidential airplanes.
The agreement, which Trump says has a $4 billion price on it, is too much in his opinion.
“Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. Cancel order!” the president-elect tweeted.
According to Reuters, which cited budget documents, the “budgeted costs for the Air Force One replacement program are $2.87 billion for the fiscal years 2015 through 2021.”
Boeing also issued a statement clarifying that it is currently under contract for $170 million to determine the capabilities of the new aircraft.
“We are currently under contract for $170 million to help determine the capabilities of these complex military aircraft that serve the unique requirements of the President of the United States. We look forward to working with the U.S. Air Force on subsequent phases of the program allowing us to deliver the best planes for the President at the best value for the American taxpayer.”
Trump spoke to reports in the Trump Tower and said, “Well, the plane is totally out of control. It’s going to be over $4 billion for the Air Force One program. And I think it’s ridiculous. I think Boeing is doing a little bit of a number. We want Boeing to make a lot of money, but not that much money.”
Disclaimer: We have no position in Boeing Co. (NYSE: BA) and have not been compensated for this article.