Boeing CEO Admits Mistake on Trump’s Air Force One Deal

Boeing CEO Dave Calhoun said he should have rejected then-President Donald Trump’s proposed terms to build two new Air Force One aircraft after disclosing the company has lost $660 million transforming two 747 airliners into flying White Houses, Defense One reports.

Said Calhoun: “I’m just going to call a very unique moment, a very unique negotiation, a very unique set of risks that Boeing probably shouldn’t have taken. But we are where we are, and we’re going to deliver great airplanes.”