*ping*
If it was such a bad deal, why did they sign it?...................
Contracts have consequences.
You want your most savvy and competent people writing and negotiating them because the company has to live with agreement. Looks like Boeing didn’t have its eye on the ball.
So, David, could only buy four $660 million yachts this year instead of five?
Will be ready in 2026. In time for president Trump to take the inaugural flight.
And whose fault is all the cost overruns? Maybe some execs are getting paid a little too much.
How the hell do you lose money on a government contract???
As part of the deal, Boeing signed a fixed-price contract that required the company, not taxpayers, to pay for any cost overruns during the complicated conversion of the two airliners.
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These military contractor types aren’t use to *that* kind of deal. overruns are a way of life with the taxpayer usually picking up the tab.
Yup. They had one up on jacks when they realized the stands did not have the capacity to hold the weight of the plane. Mow the plane is undegoing tests for damage. #idiots
“Trump made a great deal. Boeing sucks at managing their company.”
Agreed
Fixed cost - the way to do it
Let the MANUFACTURER pay for it’s own cost overruns.
What he’s saying is Trump made a great deal for the taxpayers.
“Then-Boeing CEO Dennis Muilenburg, who was dismissed in December 2019, personally negotiated the Air Force One terms with Trump at the White House and the former president’s Mar-a-Lago club in Florida”
Sounds like Dennis got canceled for working with then POTUS Trump.
quote “The Air Force’s fiscal 2023 budget proposal said the new planes might not be ready to fly a president until at least 2026.”
naaa... they need to finished by 2025 so Trump can take deliver upon re-entering the white house :)
Gee, Bad Man Orange not so bad after all. Left said a Trump was a poor businessman, well what does that make head of Boeing?
That’s what happens when hiring people because of race and sex.
As if Boeing hasn’t made much off of the American government.
They report this like its a bad thing. I worked for a defense/aerospace contractor through the 80’s. They have been ripping the taxpayers off and funneling money to corrupt politicians for years. It’s about time they get locked into fixed cost contracts. The private sector has to do it.
Over all the decades, how much has Boeing profited from US contracts ?
betcha’ more than a trillion.
I swear I read somewhere the other day that Boeing was manipulating one of these planes on a jack that was not highly rated and bad things happened.
Strange I cannot find now.
“Trump made a great deal. Boeing sucks at managing their company.”
Yes, Boeing did not pad the deal enough up front, knowing the history of the industry and of their own company, where cost overruns are nearly inevitable; they should have asked for more and held out for it. The only way to win with DJT is tit-for-tat, otherwise you will get the short end of the stick. Good for DJT, not good for you. Just ask the many banks he dealt with in his real estate deals.
Give the CEO a bonus. Isn’t that how it works for woke CEO’s that lose money?