2 Unwanted Boeing 747s Will Become the New Air Force Ones
Last December, President-elect Donald Trump suggested that the projected $4 billion-plus cost of the next-generation Air Force One planes was too expensive. In a somewhat cryptic tweet, he mused about canceling the order. (In fact, there was no firm order to cancel at that point -- just some preliminary plans.)
In any case, Boeing (NYSE: BA) has found a way to reduce the cost of building new presidential transport planes. Instead of building new planes from scratch for the Air Force, Boeing will modify two 747-8s that it has already built, equipping them for the presidential transport mission.
The Air Force One mission is currently served by two aging VC-25s, which entered service in 1990 and 1991, respectively. The VC-25 is a modified version of a Boeing 747-200.
Source: Fool.com
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