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Government
Trump targets Lockheed Martin's F-35 fighter jet costs
2016-12-12
[Reuters] U.S. President-elect Donald Trump took aim at another major defense contractor on Monday, saying the cost of Lockheed Martin's F-35 fighter jet program was too high.

"The F-35 program and cost is out of control. Billions of dollars can and will be saved on military (and other) purchases after January 20th," Trump said on Twitter.

The aerospace giant's shares dropped 2.6 percent in premarket trade after Trump's tweet.

A week before Trump won the Nov. 8 presidential election, the U.S. Defense Department and Lockheed Martin (LMT.N) concluded negotiations on their ninth contract for F-35 fighter jets after 14 months of negotiations on the deal of more than $6.1 billion, the Pentagon said.

Trump campaigned on a promise to cut waste in federal government.

Last week, he also used Twitter to target Boeing Co (BA.N) for its "out of control" costs on a new fleet of Air Force One planes, urging the federal government to "Cancel order!"
Posted by:Besoeker

#6  Cancel the damn thing.
Posted by: Omomort Cheager7040   2016-12-12 20:49  

#5  every day comes another confirmation that the US voters are smart, wise, good people who can see through MSM bs fake news and who voted the RIGHT man for the job into the presidency

Cometh the hour, cometh the man

We need you President Trump not a minute too soon

make sure you wear bulletproof suits.
Posted by: anon1   2016-12-12 19:31  

#4  The graphic seems entirely approprate....
Posted by: CrazyFool   2016-12-12 14:57  

#3  ....and all those GOs who got shiny medals and attaboys for their 'work' as they PCSd and retired in the meantime.
Posted by: Procopius2k   2016-12-12 12:51  

#2  The only ones who don't think that costs are out of control are the ones feeding at the trough.
Posted by: DarthVader   2016-12-12 10:40  

#1  He's reading the Burg. Who knew ?
Posted by: Besoeker   2016-12-12 09:32  

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