U.S. President-elect Donald Trump extracted a promise from Boeing Co’s chief executive on Wednesday that the cost of replacing Air Force One would not exceed $4 billion, his latest move to use the bully pulpit to pressure companies to help advance his economic agenda.
Trump met with Dennis Muilenburg of Boeing and Marillyn Hewson, chief executive of Lockheed Martin Corp – two defense companies he has made an example of since his Nov. 8 election, sending defense shares tumbling with his complaints about projects he said are too expensive.
He paraded the two CEOs in front of the cameras at the ornate front door of his Mar-a-Lago resort in Palm Beach, Florida, where he is spending Christmas.
“Trying to get the costs down, costs. Primarily the (Lockheed Martin) F-35, we’re trying to get the cost down. It’s a program that’s very, very expensive,” Trump told reporters after meeting with the CEOs and a dozen Pentagon officials involved with defense acquisition programs who he said were “good negotiators.”