Lockheed Bows To Trump, Agrees To Cut F-35 Prices

From Tyler Durden: Less than a month after president-elect Trump first tweeted about the F-35's high costs, and a week after he brought up the F-35 in his first press conference, Reuters reports that The U.S. Department of Defense and Lockheed Martin are close to deal for a contract worth almost $9 billion as negotiations are poised to bring the price per F-35 below $100 million for the first time.
NYSE:LMT January 19, 2017 7:51am

Lockheed Bows To Trump, Will Cut F-35 Program Costs Significantly

From Tyler Durden: It appears the so-called 'Twitter-spanking' approach of president-elect Trump is working. First Carrier, then Ford, and now, following his earlier jab at Lockheed's F-35 costs by asking Boeing to price-out a comparable F-18, Lockheed Martin CEO Marillyn Hewson has reportedly given Trump her "personal commitment" to "aggressively" drive down costs of the F-35 program.
NYSE:LMT December 24, 2016 7:01am

Lockheed Martin Shares Plunge 5% Following Trump Tweet

From Tyler Durden: After running up dramatically post-Trump's victory, Lockheed Martin (NYSE:LMT) shares are tumbling again this morning after the president-elect tweeted, questioning the costs of the company's F-35 fighter jet.
NYSE:LMT December 12, 2016 11:36am

Aerospace & Defense Stocks Are Outperforming This Earnings Season

jet-fighterFrom Zacks: More than 90% of the companies in the Aerospace and Defense space have released their financial numbers for the Q3 reporting cycle. Impressively 77.8% of the companies posted an earnings beat in the quarter, with major defense biggies making it to the headlines for the stellar quarterly performance.
NYSE:LMT November 3, 2016 7:37am

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