Trump's Air Force One Tweet: Implications for SLS/Orion?

Boeing Becomes Latest Company to Draw Trump's Ire, Dow Jones

"The Air Force earmarked $1.65 billion between 2015 and 2019 to develop two replacement jets, and said it may acquire up to three. However, it hasn't detailed the expected cost or delivery dates for building the planes as talks continue with Boeing, the White House and the Secret Service. "The statistics that have been cited [by Mr. Trump], shall we say, don't appear to reflect the nature of the financial arrangement between Boeing and the Department of Defense," said Obama White House spokesman Josh Earnest."

Did Donald Trump tank Boeing's stock because he was mad about a news article?

"As it turns out, though, the Trump tweet may not have been unprompted. CNN's Jake Tapper noted on Twitter that shortly before the tweet (which was posted at 8:52 a.m. Eastern) the Chicago Tribune posted an interview with the company's CEO, Dennis Muilenberg. "Anyone who paid attention to the recent campaigns and the election results realizes that one of the overarching themes was apprehension about free and fair trade," Muilenberg told the Tribune's Robert Reed. Fair trade has helped Boeing, which prides itself on being America's largest manufacturing exporter."

Trump sold all shares in companies in June, spokesman says, Washington Post

"Miller, the Trump spokesman, told The Post about Trump's stock sale Tuesday morning, following Trump's criticism of aviation giant Boeing. Trump reported owning between $50,000 and $100,000 of Boeing stock in the May filing. In the three years between Trump's original tweet about buying Boeing stock and June 2016, Boeing's share price climbed about 70 percent."

Keith's note: I just got back from the Aerospace Industries Association annual media luncheon in Washington EDC. There was a lot of nervous laughter about this news which was breaking just as well all arrived at the hotel. I am wondering what might happen if/when SLS/Orion cost increases and chronic delay - and the commercial alternatives - comes to Trump's attention. There are hints that this might be an issue in the op eds written by on-again off-again Trump advisor Bob Walker.

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This page contains a single entry by Keith Cowing published on December 6, 2016 3:20 PM.

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