WINNING! Lockheed to lower cost on F-35; Trump win for TAXPAYERS!

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First Boeing now Lockheed Martin. Donald Trump’s twitter account is saving taxpayers literally BILLIONS of dollars.

Last week Trump took a shot at the OVERPRICED F-35 program on Twitter:

Business Insider reported:
“In response to a series of cost overruns and other development issues for the F-35 fighter jet, President-elect Donald Trump said on Thursday he has asked Boeing to “price-out a comparable F-18 Super Hornet.

Boeing’s response — also announced via tweet — said it accepted the invitation to work with the Trump administration to “affordably meet US military requirements.”

On December 12, Trump said the cost for Lockheed Martin’s fifth-generation stealth F-35 Lightning II jet was “out of control.” The message sent Lockheed Martin’s stock down from $251 at the opening bell to $245.50, before it rebounded to a little more than $253 a share. Similarly on Thursday, shares of Lockheed Martin fell 2.0% to $247.75 after hours, while Boeing shares rose 0.7% to $158.52.”

Boeing responded with:

NEW UPDATE

Reuters is reporting:

“Lockheed Martin Corp said its Chief Executive Marillyn Hewson gave U.S. President-elect Donald Trump a personal commitment to bring down the price of its F-35 fighter jet, after he heaped pressure on the aerospace company over the cost.

Lockheed’s shares fell on Friday after Trump’s message on Twitter, and after he earlier tweeted that he had asked rival Boeing Co to “price-out” an older aircraft as an alternative.

Hewson said in a statement tweeted by Lockheed that the company would “aggressively” drive down the cost of the F-35, which brought in about 20 percent of Lockheed’s sales last year.”

Recently Trump took a shot at Boeing on Twitter for the out of control costs of Air Force One:

The Result of that Tweet:

 

 

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