Some Boeing Co BA 0.71% shareholders are up in arms on Tuesday after President-elect Donald Trump tweeted that he intends to terminate a deal in place for the company to build the next Air Force One.
“Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. Cancel order” Trump tweeted.
Boeing’s stock opened Tuesday’s session down 0.6 percent.
Some Trump followers remembered a tweet from 2013 when Trump claimed he was buying Boeing stock.
“Boeing stock went way down because of 787 – so I just bought stock in Boeing – great company!” he said at the time.
Trump aide Jason Miller reportedly said that Trump sold his entire stake in Boeing back in June.
If that’s the case, the investment seems to have paid off for Trump. From January 2013 to June 2016, Boeing stock was up 64.0 percent compared to a 43.9 percent gain for the SPDR S&P 500 ETF Trust SPY 0.6%.
In the past, Trump has said…
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