Lockheed falls as Trump tweets that F-35 program is costly
NEW YORK — Shares of Lockheed Martin fell as President-elect Donald Trump tweeted that making F-35 fighter planes is too costly and that he will cut “billions” in costs for military purchases.
Lockheed makes the F-35 one-seat fighter aircraft for the U.S. and is a major defense contractor. The F-35 program made up 20 percent of Lockheed’s total revenue last year.
This is the second time in a week that Trump has blasted U.S.