WASHINGTON (AP) — President Donald Trump has reached an informal deal with Boeing to provide the next generation of presidential aircraft, the White House says. It follows years of negotiations between Boeing and the U.S. Air Force — and Trump’s personal intervention since his election. The White House said the deal would put Boeing on the hook for cost overruns. In 2011, Boeing agreed to a $4.9 billion fixed-price contract with the Air Force for a refueling tanker, the KC-46. But the Air Force typically spends as long as three years testing the planes once they’re completed.

Source: Philippine Daily Inquirer February 28, 2018 00:56 UTC