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

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

    Phillip Carter was the former Senior Fellow and Director of the Military, Veterans, and Society Program at the Center for a New American Security.  His research focused on iss...