White House to get two new Air Force Ones

Image
IANS Washington
Last Updated : Feb 28 2018 | 11:45 AM IST

The US administration has reached a $3.9 billion deal with Boeing for two new Air Force One planes for the President, the White House said.

President Donald Trump has reached the informal deal with Boeing on a "fixed-price contract" for the new Air Force One Program, Xinhua quoted a White House spokesperson as saying on Tuesday.

The contract would save taxpayers more than $1.4 billion, the White House said. The amount, however, cannot be confirmed yet.

Boeing said in a tweet on Tuesday that it was "proud to build the next generation of Air Force One, providing American presidents with a flying...outstanding value to taxpayers".

The Chicago-based jet maker added that Trump "negotiated a good deal on behalf of the American people".

Trump's personal involvement in the deal since his election has brought the years-long negotiations between Boeing and the US Air Force much media exposure.

Trump had earlier threatened to cancel the contract after revealing that Boeing was planning to spend $4 billion on the planes, a price, he said was "out of control". Boeing pledged to control expenditures at the time.

The US presidential planes, known as Air Force One when the president is on board, are one of the most recognised symbols of the American presidency.

The civilian version of the plane, the Boeing 747-8, is priced at $390 million, but the presidential version is much more costly due to additional security and defensive features.

Boeing said the delivery date for the new planes will depend on how much testing the US Air Force wants to do. Its initial plan was to have the planes ready by 2024.

--IANS

nks/in

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 28 2018 | 11:40 AM IST

Next Story