Lockheed Martin is sliding after Trump attacks the cost of the F-35
Advertisement
Shares of Lockheed Martin, the maker of the F-35 fighter jet, are falling after President-elect Donald Trump once again attacked the cost of the program during his press conference on Wednesday.
Advertisement
During the press conference, Trump said that he had been having discussions with generals and other admirals about bringing down the costs of the F-35 program.
The comments are similar to a tweet from Trump in December criticizing the cost of the F-35 program and saying Trump would renegotiate the prices.
Following the comments, shares of Lockheed slid sharply in trading down 1.17% as of 11:40 a.m ET, a $3.01 per share drop.
Advertisement
Advertisement
- I'm an interior designer. Here are 10 things in your living room you should get rid of.
- A software engineer shares the résumé he's used since college that got him a $500,000 job at Meta — plus offers at TikTok and LinkedIn
- A 101-year-old woman keeps getting mistaken for a baby on flights and says it's because American Airlines' booking system can't handle her age
- The Role of AI in Journalism
- 10 incredible Indian destinations for family summer holidays in 2024
- 7 scenic Indian villages perfect for May escapes
- Paneer snacks you can prepare in 30 minutes
- Markets crash: Investors' wealth erodes by ₹2.25 lakh crore