Donald Trump F-35 tweet slashes $2 billion off Lockheed Martin’s stock

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Donald Trump F-35 tweet slashes $2 billion off Lockheed Martin's stock
Donald Trump F-35 tweet slashes $2 billion off Lockheed Martin's stock
Donald Trump F-35 tweet slashes $2 billion off Lockheed Martin's stock
Donald Trump F-35 tweet slashes $2 billion off Lockheed Martin’s stock

Donald Trump pledged Monday, on Twitter, to cut back on the nation’s highly anticipated F-35 program — marking the second time in as many weeks that the mogul has taken to social media to express a desire to slash military spending.

“The F-35 program and cost is out of control,” Trump wrote on Twitter about the program, run by Lockheed Martin. It has an estimated cost of $1.45 trillion over the next 50 years. In 2009, the cost was estimated at $900 million.

Trump signals that he would make saving money on military projects a priority as president.

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“Billions of dollars can and will be saved on military (and other) purchases after January 20th,” he wrote.

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Trump also mentioned the F-35 program during an interview on Fox News Sunday, pointing out that government officials who made the deals with contractors, usually ended up working for them.

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“The people that are making these deals for the government, they should never be allowed to go to work for these companies,” he said. “You know, they make a deal like that and two or three years later, you see them working for these companies that made the deal.”

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