“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.”
Lockheed responding by saying it realizes there are concerns about the program’s spiraling costs and has invested millions of dollars to bring down the jet’s price.
The defense contractor is supposed to get more than $7 billion to deliver 90 fighter jets to the U.S. government.
Trump is trying to make good on his campaign pledge to cut the waste out of government spending….but defense executives and their investors certainly didn’t think he was talking about them. Republican administrations tend to favor heavy military contracts.
His Twitter attack catching the sector off guard. Besides Lockheed, Boeing , BAE Systems, Northrop Grumman and United Technologies are down as well..