If Boeing Co (NYS:BA) CEO Dave Calhoun could hop a ride in a time machine, he’d travel back to 2018 to halt the $3.9 billion contract his company signed with the Trump administration to build two new Air Force One aircraft.
What Happened: In today’s quarterly earnings call discussing the company's Q1 results, Calhoun lamented over the deal struck under the chief executive leadership of Dennis Muilenburg that, based on Trump's demand for a fixed-price agreement, put the onus of cost overruns directly on Boeing and not the federal government. The contract called for Boeing to transform two 747 airlines into the distinctive aircraft requirements needed for presidential transportation.
