BR100 Increased By (1.77%)
BR30 Increased By (1.96%)
KSE100 Increased By (1.59%)
KSE30 Increased By (1.65%)
BECO 5.62 Increased By ▲ 0.04 (0.72%)
BML 59.51 Decreased By ▼ -1.71 (-2.79%)
BOP 34.61 Increased By ▲ 0.93 (2.76%)
CNERGY 8.08 No Change ▼ 0.00 (0%)
DCL 12.05 Increased By ▲ 0.41 (3.52%)
FCCL 54.40 Increased By ▲ 2.26 (4.33%)
FCSC 5.52 Decreased By ▼ -0.11 (-1.95%)
FFL 18.05 Increased By ▲ 0.04 (0.22%)
FNEL 1.33 Decreased By ▼ -0.02 (-1.48%)
HUMNL 11.07 Increased By ▲ 0.03 (0.27%)
KEL 8.05 Increased By ▲ 0.21 (2.68%)
KOSM 5.88 Increased By ▲ 0.15 (2.62%)
MLCF 90.52 Increased By ▲ 4.01 (4.64%)
NBP 190.17 Increased By ▲ 5.87 (3.19%)
PACE 11.53 Decreased By ▼ -0.12 (-1.03%)
PAEL 41.07 Increased By ▲ 1.11 (2.78%)
PIAHCLA 25.84 Increased By ▲ 0.17 (0.66%)
PIBTL 17.51 Increased By ▲ 0.24 (1.39%)
PPL 225.84 Increased By ▲ 3.17 (1.42%)
PRL 34.63 Increased By ▲ 0.17 (0.49%)
PTC 64.62 Increased By ▲ 0.88 (1.38%)
SEARL 91.38 Increased By ▲ 0.92 (1.02%)
SSGC 26.97 Increased By ▲ 0.30 (1.12%)
TELE 8.93 Increased By ▲ 0.02 (0.22%)
THCCL 69.16 Increased By ▲ 0.69 (1.01%)
TPLP 10.90 Decreased By ▼ -0.30 (-2.68%)
TREET 24.64 Decreased By ▼ -0.06 (-0.24%)
TRG 69.78 Decreased By ▼ -0.81 (-1.15%)
WAVES 11.16 Increased By ▲ 0.05 (0.45%)
WTL 1.27 No Change ▼ 0.00 (0%)

President-elect Donald Trump called Tuesday for the cancellation of a multi-billion dollar Boeing contract to build the next Air Force One, calling the ballooning costs "ridiculous." "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!" Trump tweeted.
Converting a pair of 747-8 jumbo jets to state-of-the-art luxury command centers by 2024 had been estimated to cost $3 billion when Boeing was picked for the job in January 2015. The legendary light blue and white liveried jets - "United States of America" emblazoned on the fuselage and an American flag on the tail - are a powerful symbol of US might.
But the current double-decker 747-200s, first ordered by Ronald Reagan and put into service in 1990, are getting old. Earlier this year, the Air Force issued the first of a series of contracts for the project to build new ones. Ironically, it was a $25.7 million effort to look at ways to cut the costs of fielding the next presidential aircraft. Instead, cost projections have apparently ballooned, prompting Trump's outburst.
"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," the president-elect told reporters at Trump Tower, his Manhattan headquarters. He said the estimated $4 billion cost was "totally out of control" and "ridiculous." Boeing had no immediate comment. Prestige items like Air Force One have been targeted before because of spiralling costs. In 2009, President Barack Obama halted a project to replace the Marine One helicopters that ferry the president. Costs had soared to nearly $11.5 billion after the 28 helicopters were ordered in 2005.

Copyright Agence France-Presse, 2016

Comments

Comments are closed for this article.