The White House andÂ BoeingÂ (NYSE: BA)Â have reached a potential $3.9 billion deal for the aerospace company to build two presidential planes, Reuters reported Tuesday.
âPresident Trump has reached an informal deal with Boeing on a fixed-price contract for the new Air Force One Program,âÂ Hogan Gidley, deputy press secretary, told the publication.
Gidley added the U.S. government expects to save more than $1.4 billion through the agreement.
The U.S. Air ForceÂ purchased in August 2017Â two Boeing-built 747-8Â aircraft that will be modified to replace the agingÂ VC-25AÂ planes as part of theÂ Presidential Aircraft RecapitalizationÂ program.
Modification work on the two planes will include the integration of a self-defense platform, military avionics and communications systems, the report added.