Monday, December 12, 2016

President-Elect Donald Trump Criticises F-35 Costs


Wall Street Journal: Donald Trump Targets F-35 Program in Latest Dig on Defense Spending

Shares of Lockheed Martin and suppliers United Technologies and BAE Systems were lower in early trading

President-elect Donald Trump took aim at one of the Pentagon’s costliest programs on Monday, saying on Twitter the “program and cost” of the F-35 Joint Strike Fighter “is out of control.”

This is the third time in recent days that Mr. Trump has unloaded on a defense program. Last week, Mr. Trump claimed the government’s second-largest defense contractor, Boeing Co., had run up costs in the development of new Air Force One aircraft. The developer of the F-35 program is the government’s largest defense contractor, Lockheed Martin Corp.

“Billions of dollars can and will be saved on military (and other) purchases after January 20th,” Mr. Trump wrote on Twitter, referring to the day he is sworn in as president.

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WNU Editor: Lockheed martin responds .... Lockheed Martin says company already cut F-35 costs (Reuters).

More News On President-Elect Donald Trump Criticising F-35 Costs

Trump Makes the 'Out Of Control' F-35 His Latest Target -- Defense News
Trump targets Lockheed Martin's F-35 fighter jet costs -- Reuters
Now Trump has cost of 'out of control' F-35 fighter jet program in his sights after calling for new Air Force One to be canceled -- Daily Mail
Lockheed Drops as Trump Says F-35 Costs Are ‘Out of Control’ -- Bloomberg
Trump attacks F-35 maker for 'out of control' costs -- CNN
Trump slams cost of the F-35 fighter plane -- The Hill
Trump tweet: F-35 program and costs ‘out of control’ -- Star Telegram
Lockheed Martin shares drop after Trump says F-35 program too expensive -- CNBC
Lockheed's F-35 Isn't Stealthy Enough To Avoid Trump's Latest Attack -- Investor's Business Daily

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