Monday, January 30, 2017

Politics Vox.Com

This jet fighter is a disaster, but Congress keeps buying it

Sam Ellis,Vox.com 2 hours 10 minutes ago 
Trump says the F-35 is too expensive, and he's not wrong. The Lockheed Martin F-35 Lightning II is the most advanced fighter plane ever built. The same day, Lockheed Martin’s stock fell by 2 percent, temporarily wiping away an estimated $1.2 billion. ...
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Politics Vox.Com

Trump says cost of Lockheed's F-35 has been cut by $600 million

Reuters 28 minutes ago 
WASHINGTON (Reuters) - President Donald Trump said on Monday his administration had been able to cut $600 million from the latest U.S. contract for the F-35 Joint Strike Fighter, the Lockheed Martin aircraft that he has sharply criticized for its cost overruns.
Trump, speaking to reporters in the Oval Office, said he appreciated Lockheed Martin Corp for being so responsive to his concerns about the high cost of the high tech warplane and added that the company was doing a great job on the program.
(Reporting by David Alexander; Editing by Susan Heavey)
Politics Vox.Com

Trump claims Lockheed Martin cut $600 million off cost of F-35 joint strike fighter

Jacob Pramuk 9 minutes ago 
President Donald Trump claimed Monday that Lockheed Martin cut $600 million off the cost of the F-35 fighter jet program that he has repeatedly slammed for cost overruns and delays. Trump said applied to the next 90 planes. It currently has a per-unit cost of about $100 million, which the company has pledged to bring down. "I appreciate Lockheed Martin for being so responsive," Trump told reporters at the White House. Since his electoral win, Trump has criticized Lockheed and Boeing for the cost of government contracts. Earlier this month, Lockheed CEO Marillyn Hewson said the company was "very close to a deal" to lower the cost of the fighter program. Lockheed Martin did not immediately respond ...
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