Donald Trump, “Cancel the Order, Boeing is doing a bit of a number!”

Donald Trump, “Cancel the Order, Boeing is doing a bit of a number!”

Donald Trump, “Cancel the Order, Boeing is doing a bit of a number!”

$BA

US President Elect Donald Trump told the government to cancel purchase of Boeing’s (NYSE:BA) new Air Force One plane Tuesday, saying it was “ridiculous” and too expensive.

“Boeing is building a brand new 747 Air Force One for future Presidents, but costs are out of control, more than $4-B.

“Cancel the order!” Donald Trump said.

Speaking shortly afterward to reporters in New York, Donald Trump said, “The plane is totally out of control. 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,” added Donald Trump, who takes office on January 20th.

Boeing (NYSE:BA) did not immediately return a request for comment.

The Air Force announced in January 2015 that Boeing’s 747-8 would be used to replace the 2 current Air Force planes used to transport the US President.

Air Force One is a very visible symbol of the United States.

Details about the total value of the new contract have not been released, but the Air Force said that it had earmarked $1.65-B for 2 replacement planes

The US Air Force awarded Boeing Co an initial contract in January.

US Presidents have used Boeing planes since Y 1943, according to the company’s website.

Symbol Last Trade Date Change Open High Low Volume
NYSE:BA 151.34 6 December 2016 -0.82 150.84 151.58 150.02 1,425,325
HeffX-LTN Analysis for BA: Overall Short Intermediate Long
Bullish (0.43) Bullish (0.33) Bullish (0.33) Very Bullish (0.62)

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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