President-elect Donald Trump indicated Tuesday morning that he isn't happy with the cost of a 747 Air Force One replacement program run by Boeing.
The aerospace giant is currently working on a 747-8 aircraft to take over the program, which will replace the two 747-200s that serve as the presidential Air Force One fleet.
However, Trump said today on Twitter that the costs have overrun to more than $4 billion and suggested that he might try to cancel the order.
Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. Cancel order!
— Donald J. Trump (@realDonaldTrump) December 6, 2016
Later, Trump told reporters at Trump Tower that the program is "totally out of control."
President-elect Trump on his desire to cancel Boeing’s Air Force One order: “We want Boeing to make a lot of money, but not that much money” pic.twitter.com/kIdpCy0JuX
— CNN (@CNN) December 6, 2016
"I think it's ridiculous, I think that Boeing is doing a bit of a number," he said. "We want Boeing to make a lot of money, but we don't want Boeing to make that much money."
Boeing's shares dropped in price following Trump's comments.