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Trump goes after Boeing for 'ridiculous' Air Force One replacement costs

Air Force One is seen at Athens International Airport Eleftherios Venizelos in November. (AP/Yorgos Karahalis)

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.

Later, Trump told reporters at Trump Tower that the program is "totally out of control."

"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.

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