Air Force One: A look at other Boeing deals involving Trump

By TransportationFOXBusiness

Boeing CEO: See defense as a growth area for the future

Boeing CEO Dennis Muilenburg on the company's digital solutions business, the government's potential boost to defense spending, the Iran nuclear deal and the company's investment in STEM programs.

The U.S. deal with Boeing that lowered the cost of Air Force One by more than $1.4 billion isn’t the first one involving the manufacturer and President Donald Trump.

Continue Reading Below

Over the course of the president’s first year in office, Boeing has sometimes signed agreements at the White House with Trump looking on.

Most recently, Norway’s Prime Minister Erna Solberg announced in January during a joint press conference with Trump at the White House that the country would purchase five P-8A Poseidon aircraft from Boeing. A derivative of Boeing’s Next Generation 737-800, the aircraft is used for long-range anti-submarine and anti-surface warfare, as well as intelligence, surveillance and reconnaissance missions.

Singapore Airlines inked a deal worth $13.8 billion with Boeing last November for 20 of the company’s 777-9 aircraft and 19 of its 787-10 Dreamliner jets. The airline had already placed an order for 30 of the Dreamliners, serving as the initial customer for the long-haul jet. The airline’s CEO, Goh Choon Phong, signed the deal at the White House, joined by Kevin McCalister, the president and CEO of Boeing Commercial Airplanes, and Trump, who said the agreement would employ 70,000 people in the U.S.

More from FOX Business

Boeing signed a memorandum of understanding in September with Malaysia Airlines for 16 airplanes at a ceremony at the St. Regis Hotel in Washington, D.C. During a meeting with Trump, Malaysia’s Prime Minister Najib Abdul Razak said the country intended to have the flag-carrying airline purchase more Boeing aircraft in future to help strengthen the American economy.

“We have committed to 25 planes of the 737 MAX 10, plus eight 787 Dreamliners, and a very strong probability—not possibility—that we will add 24 to 25 more 737 MAX 10 in the near future,” Razak said during the meeting. “So within five years, the deal will be worth beyond $10 billion.”

Trump also owns a Boeing 757, which he used to travel to various stops during his presidential campaign.

What do you think?

Click the button below to comment on this article.