Lockheed Martin CEO promises Trump she'll cut F-35 costs

Casey Mills
Декабря 26, 2016

The president-elect, however, told members of the press that he was concerned over the F-35's price tag.

Donald Trump's disapproval over costs of Lockheed Martin's F-35 fighter jets prompted the chief executive of the defense contractor to assure him that the company is committed to driving down the cost of the aircraft.

Mr. Trump stated that due to the extremely high budgeted program that Lockheed Martin has invested towards their F-35 program, he has asked Boeing Co.to throw in their price for the F-18 Super Hornet, which he claims shares similar capabilities to that of the F-35.

Ms. Hewson also stated that she gave her personal commitment to the new president to drive down costs aggressively.

One US official said it was impossible to tell what Trump meant by his tweet, given the importance of stealth technology as a way to counter advanced defenses of near-peer states, like Russian Federation or China.

Boeing's F-18 is an older generation aircraft that lacks the stealth capabilities of the F-35.

Читайте также: Based Fred's Pharmacy to buy 865 Rite Aid stores

Most defense analysts do not consider the two jets as comparable aircraft. However, if Trump plans to make any changes or cancel the F-35 program, tens of thousands of jobs the company generates in 45 states will reportedly be affected. Furthermore, of 21 analysts covering the stock at Wall Street, 9 rated it as Buy, 1suggested Overweight, and 11 recommended holding the shares for longer term. Certainly it could not meet the US Marine Corps need for vertical lift.

Echoing similar views, Vertical Research Partners analysts said: "Unless the rules of physics have changed, you can not make a non-stealthy, two-engined, carrier-based aircraft from the 1980s into a single-engine, multi-role stealthy fighter from the 2000s".

Lockheed Martin's stocks took a tumble following the tweet, the latest in an ongoing war of words between the President-elect and USA defence companies, which he has criticised for excessive costs. The F-35 program is a critical sales generator for the company, accounting for 20 percent of last year's total revenue of $46.1 billion.

Prior to the F-35s, Boeing's Air Force One program came under Trump's scrutiny.

Earlier in the week, Trump extracted a promise from Boeing's Dennis Muilenburg to lower the cost of building new Air Force One jets after Trump said estimated costs were "out of control".

This is the second time the President-elect has sparked a Lockheed Martin stock wobble of millions this month.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2019 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Other reports by

Discuss This Article