Boeing CEO: Air Force One project will be less than $4B

Boeing CEO: Air Force One project will be less than $4B
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Boeing's CEO on Wednesday told President-elect Donald TrumpDonald John TrumpImpeachment? Not so fast without missing element of criminal intent Feds say marijuana ties could prevent immigrants from getting US citizenship Trump approval drops to 2019 low after Mueller report's release: poll MORE that he is committed to building two Air Force One airplanes for less than $4 billion. 

After meeting with the president-elect at Trump's Mar-a-Lago resort in Florida, Dennis Muilenburg told reporters his company will build the airplanes for less than the $4.2 billion estimate Trump previously tweeted. 

“We’re going to get it done for less than that, and we’re committed to working together to make sure that happens," Muilenburg said. 

"And I was able to give the president-elect my personal commitment on behalf of the Boeing Company."

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He added that the company works on Air Force One "because it's important to our country." 

"We're going to make sure that he gets the best capability and that it's done affordably." 

Trump erroneously tweeted earlier this month that one airplane would cost more than $4 billion. 

"Cancel order!" he said. 

But the Air Force estimated that the cost to build the two airplanes would be $2.87 billion between fiscal 2015 and 2021. 

According to Politifact, experts believe the project will require another $1 billion after 2021 to finish the job. 

And an Air Force spokesman told reporters the estimate could "change as the program matures." 

Politifact also ruled that national security requirements, not Boeing, are the primary reason for the high costs. 

The airplane that flies the president must serve as a mobile command center and come equipped with state-of-the-art communications and safety features, among other requirements, which makes it more expensive than a standard Boeing 747-8. 

The two current Air Force Ones were purchased under President Reagan and were delivered in 1990 under President George H.W. Bush. 

President Obama ordered the replacement fleet during his second term, as the current airplanes are nearing the end of their expected 30-year lifespan.