Lockheed F-35 in doubt after Trump’s tweet
Dec. 22, 2016
Donald Trump has again criticized the cost of Lockheed Martin’s F-35 fighter jet and tweeted that he has asked Boeing to offer a price for an older aircraft that lacks the same stealth capabilities.
Trump posted his message on Thursday, a day after the president-elect met the chief executives of both aerospace companies. In after-hours trading following the tweet, Lockheed shares fell 2{33979494efa9b9c28f844b5c37a1ddedf4bb90a2eb3dac7a83ede58b7eac2e67} and Boeing’s rose 0.7{33979494efa9b9c28f844b5c37a1ddedf4bb90a2eb3dac7a83ede58b7eac2e67}.
Based on the tremendous cost and cost overruns of the Lockheed Martin F-35, I have asked Boeing to price-out a comparable F-18 Super Hornet!
— Donald J. Trump (@realDonaldTrump) December 22, 2016