President-elect Donald Trump took aim Monday at Lockheed Martin’s F-35 program, saying on Twitter that the “cost is out of control,” and he will be looking to save money on the fighter jet and other military programs when he takes office.
“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,” Mr. Trump tweeted.
It was the second time in as many weeks that Mr. Trump took to Twitter to blast Pentagon spending.
Last week, he urged the cancellations of Boeing’s contract to build a new Air Force One fleet, which was followed by an abrupt but temporary drop in the company’s stock price.
Similarly, Lockheed Martin’s stock price took a hit, as shares fell more than 5 percent by noon Monday. The aerospace company’s market value dropped $4 billion after the tweet.
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