By Joshua Jamerson

President-elect Donald Trump on Tuesday suggested the U.S. government should cancel its order with Boeing Co. for a new version of Air Force One, making the aircraft maker the latest company to come under scrutiny by the incoming commander-in-chief.

Mr. Trump tweeted that the order for new planes to shuttle the U.S. president should be canceled because "costs are out of control, more than $4 billion." Representatives for Boeing and the Pentagon couldn't immediately be reached for comment.

The two heavily-modified 747-200 planes used by the president are due to reach the end of their planned 30-year life in 2017. In January, Boeing secured a contract from the Pentagon to start development work on the 747-8 jumbo jets that would replace the aging planes.

Boeing shares fell 0.8% to $151 in premarket trading.

The tweet Tuesday from the president-elect, who has used Twitter extensively throughout his presidential campaign and following the election, is his latest rebuke to a major U.S. company. Mr. Trump has also used Twitter to hit Ford Motor Co. and United Technologies Corp.'s Carrier unit for plans to move production overseas.

Write to Joshua Jamerson at joshua.jamerson@wsj.com

(END) Dow Jones Newswires

December 06, 2016 09:50 ET (14:50 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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