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

0
2077
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.

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

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.

“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.”

Previous articleBlack Hole Rips Star Apart, generates Brightest Supernova Ever
Next articleLost da Vinci, valued at $16 million, found
Staff
To contact the editors responsible for this story: [email protected]

This site uses Akismet to reduce spam. Learn how your comment data is processed.