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George Takei: Trump Tweet ‘Hammered’ Boeing Stock

Actor George Takei criticized Donald Trump on Tuesday for his tweet about Boeing, which he claims caused the stock to drop.

The Hill reports:

Trump earlier Tuesday ripped Boeing over the high cost of a new Air Force One, calling for the contract to be canceled.

“Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion,” he tweeted. “Cancel order!”

Trump doubled down on his remarks later that day, telling reporters at Trump Tower he considers the plane’s price tag “ridiculous.”

“Well, the plane is totally out of control,” he said in New York City. “I think Boeing is doing a little bit of a number. We want Boeing to make a lot of money, but not that much money.”

Trump’s remarks immediately impacted Boeing’s stock, which plunged more than 1 percent in the first minutes of trading as markets opened early Tuesday.

Boeing was trading at $152.16 a share before Trump’s tweet, according to FactSet. It fell 1.6 percent to a low of $149.75 a share, seesawing all afternoon before rebounding to $152.24, according to Yahoo.

The aircraft manufacturer ultimately responded to Trump’s criticism by noting its contract is actually for $170 million.

“We are currently under contract for $170 million to help determine the capabilities of these complex military aircraft that serves the unique requirements of the President of the United States,” it said in a statement.

The Pentagon announced in January that Boeing had won the contract to replace the current Air Force One planes.

The initial contract was worth just $25.8 billion, but the Air Force planned on spending as much as $1.65 billion in the project, according to Reuters.

Photo credit:Twitter.

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