'Cancel Order!': Trump Says Boeing's Contract For New Air Force One Plane is Too Expensive

President-elect Donald Trump tweeted Tuesday morning that the US should cancel an order for a new Air Force One plane that would cost billions of dollars, and Boeing shares promptly dipped slightly in morning trading."Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion," Trump tweeted. "Cancel order!"
At the close of the market on Monday, Boeing stock was at $152.16. The stock slipped in premarket trading after Trump's tweet and continued to dip in early trading, falling 0.9% to $150.90.
Boeing released a statement Tuesday afternoon noting that the company is currently under a contract with the US government.
"We are currently under contract for $170 million to help determine the capabilities of these complex military aircraft that serve the unique requirements of the President of the United States," the statement said. "We look forward to working with the US Air Force on subsequent phases of the program allowing us to deliver the best planes for the President at the best value for the American taxpayer."
Trump addressed his tweet in Trump Tower in New York on Tuesday.