News| President Trump Pushes Forward With F-35

Slashing The Price.

President Donald Trump has been quite vocal about his disapproval of Lockheed-Martin’s F-35 fighter jet. Many times he has released tweets and statements about the excessive price tag of the multi-role fighter. However, President Trump seems to have had a change of heart after Lockheed-Martin has cut the program’s costs by $600,000,000.

The decision to proceed with the F-35 program comes as a dramatic twist of fate, a far cry from President Trump’s intention to cancel the plan altogether. His harsh words caused a dramatic drop in the price Lockheed-Martin’s stock as well as well as gaining media attention. His criticisms of high-cost aviation got the point across resulting in a meeting with the CEOs of Lockheed-Martin and Boeing.

“We appreciate President Trump’s comments this morning on the positive progress we’ve made on the F-35 program. We share his commitment to delivering this critical capability for our men and women in uniform at the lowest possible cost to taxpayers.”

– Lockheed-Martin

The cost reduction will apply to the next 90 F-35 fighter jets produced by Lockheed-Martin. President Trump had previously reached out to Boeing to provide a comparable F-18 Super Hornet to replace the other. The F-35 program will continue to advance with the reduced price tag, the following clip shows the full statement from the President at the Business Leaders Meeting.