December 27, 2016

Trump pressures Lockheed, says told Boeing to price out fighter aircraft

Featuring Phillip Carter

Source: Reuters

Journalists Emily Stephenson, Jeffrey Dastin

U.S. President-elect Donald Trump heaped pressure on Lockheed Martin Corp on Thursday, saying he viewed costs for the aerospace company's F-35 fighter as too high and had asked Boeing Co to offer a price for an older aircraft that lacks the same stealth capabilities.

Trump posted his Twitter message a day after the president-elect met with the chief executives of both aerospace companies, using the bully pulpit to press them on projects he says are too expensive.

In after-hours trading following Trump's tweet, Lockheed shares fell 2 percent and Boeing's rose 0.7 percent.

Read the full article at Reuters.

  • Phillip Carter

    Senior Fellow and Director, Military, Veterans, and Society Program

    Phillip Carter is Senior Fellow and Director of the Military, Veterans, and Society Program at the Center for a New American Security.  His research focuses on issues facing v...