Trump's $3.9 billion deal for a new Air Force One

Air Force One
Air Force One is seen on the tarmac of Andrews Air Force Base in Maryland. Photo: Mandel Ngan / AFP via Getty Images

President Trump has reached an informal deal with Boeing to provide the next generation of presidential aircraft, AP reports.

The terms: White House deputy press secretary Hogan Gidley said the president negotiated a $3.9 billion "fixed-price contract" for a pair of new planes, known as Air Force One when the president is on board.