Boeing CEO regrets predecessor's Trump Air Force One deal
David Calhoun admitted that Boeing should not have taken the deal's "unique set of risks."
Boeing's CEO regrets the deal with former President Donald Trump to build new Air Force One jets.
David Calhoun said accepting a fixed-price contract made Boeing responsible if converting two Boeing 747 jumbo jets into presidential planes cost more than expected.
“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,” Calhoun said Wednesday.
During a conference call to discuss Boeing's first-quarter earnings, an analyst inquired about the planes. Air Force One was written off for $660 million.
California-born Calhoun was on the board but not CEO when Boeing agreed to pay the White House nearly $3.9 billion
last year for two new military training jets, which Boeing recently wrote down by $367 million.