Post by Logan on Jan 30, 2017 15:18:39 GMT -6
Trump says Lockheed Martin has cut $600 million from F-35 program
President Trump said Monday that Lockheed Martin has cut $600 million from its next lot of 90 F-35 Joint Strike Fighter planes, capping weeks of private meetings with Lockheed Martin chief executive Marillyn Hewson and public criticisms of the program’s cost.
He specified that the cost-savings would apply to the company’s next group of 90 planes but offered few details on how the program or contract would change as a result.
“What’s happening with Lockheed, number one we’re cutting the price of their planes by a lot but they’re also expanding and that’s going to be a good thing. Ultimately they’re going to be better off,” Trump told reporters in the Oval Office.
The president’s public back-and-forth with Lockheed began in late December when he took to Twitter to criticize the program for cost overruns. At the time, he asked aerospace company Boeing to “price out a comparable F-18 Super Hornet,” suggesting he would substitute Boeing’s cheaper plane for Lockheed’s.
Read more: www.washingtonpost.com/news/checkpoint/wp/2017/01/30/trump-says-lockheed-martin-has-cut-600-million-from-f-35-program/
President Trump said Monday that Lockheed Martin has cut $600 million from its next lot of 90 F-35 Joint Strike Fighter planes, capping weeks of private meetings with Lockheed Martin chief executive Marillyn Hewson and public criticisms of the program’s cost.
He specified that the cost-savings would apply to the company’s next group of 90 planes but offered few details on how the program or contract would change as a result.
“What’s happening with Lockheed, number one we’re cutting the price of their planes by a lot but they’re also expanding and that’s going to be a good thing. Ultimately they’re going to be better off,” Trump told reporters in the Oval Office.
The president’s public back-and-forth with Lockheed began in late December when he took to Twitter to criticize the program for cost overruns. At the time, he asked aerospace company Boeing to “price out a comparable F-18 Super Hornet,” suggesting he would substitute Boeing’s cheaper plane for Lockheed’s.
Read more: www.washingtonpost.com/news/checkpoint/wp/2017/01/30/trump-says-lockheed-martin-has-cut-600-million-from-f-35-program/