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Marketplace Morning Report

World economy forecasted to slow to Great Recession pace

Feb 27, 2020

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Latest Trump target: the F-35 Joint Strike Fighter program

Amy Scott Dec 12, 2016
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A Dutch Lockheed Martin F-35 Lightning II fighter jet takes off at Edwards Air Force Base, California, on November 24, 2015. President-elect Trump has voiced his concerns over the costs of the Joint Strike Fighter program on his Twitter account.   DAVID MCNEW/AFP/Getty Images

Latest Trump target: the F-35 Joint Strike Fighter program

Amy Scott Dec 12, 2016
A Dutch Lockheed Martin F-35 Lightning II fighter jet takes off at Edwards Air Force Base, California, on November 24, 2015. President-elect Trump has voiced his concerns over the costs of the Joint Strike Fighter program on his Twitter account.   DAVID MCNEW/AFP/Getty Images
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Another day, another market-moving tweet from the future President of the United States. This time the target was defense contractor Lockheed Martin, and its F-35 Joint Strike Fighter program. In the tweet, President-elect Trump called the F-35 program and its cost, “out of control” and pledged to save billions of dollars in military and other spending once he takes office. Shares in Lockheed and other defense contractors promptly dropped. But fixing concerns with the F-35 program is no easy task.

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