Boeing Shares Fall After Trump Tweets “Cancel Order” On New Plane

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December 6, 2016 11:23am NYSE:BA

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From Tyler Durden: As Politico reports, The Pentagon is looking to replace its aging fleet of Boeing 747-200 aircraft, which will reach the planned 30-year service life in 2017.


Officials have said the next Air Force One jets are estimated to begin operations in fiscal 2023. The Air Force expects the planes to have the range to fly between continents and comparable interiors to the current 747, whose features include work and sleeping quarters for the president and first family.

But it seems President-Elect Trump has other ideas, and it now seems that “aerospace is the new pharma” when it comes to Twitter-based risk factors.

Indicatively, according to Politico, the Air Force said previously that it had earmarked $1.65 billion for two new presidential aircraft, which will be four-engine Boeing 747-8s.

In any case, algos reacted immediately as follows:

As a reminder, Boeing is 5.5% of The Dow, and with Ex-Im bank on the wires (defending its existence), we note that Boeing’s employee base is near the lowest since 1993:

And then, moments later, “negotiating” Boeing’s pricing strategy, Trump said that “we want Trump to make a lot of money, but not that much money”

What happens next? This sums things up nicely:

This article is brought to you courtesy of ZeroHedge.


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