Categories
GeekWire

Lockheed Martin takes a hit after Trump tweet

F-35 jet
An F-35 Lightning II fighter jet prepares to land. (U.S. Air Force Photo / Alex R. Lloyd)

Today it was Lockheed Martin’s turn to feel the Twitter burn from President-elect Donald Trump over the cost of the F-35 fighter jet program: Its stock dropped by as much as 5 percent after Trump’s complaint.

Share prices for other aerospace companies such as Boeing and Northrop Grumman went through twists and turns as well.

Trump set the stage for criticizing the $400 billion program on Dec. 9 when he complained about the cost of “some of the fighter jets that are being built.” Then, in today’s tweet, he specifically called out the F-35.

Get the full story on GeekWire.

By Alan Boyle

Mastermind of Cosmic Log, contributing editor at GeekWire, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.

Leave a Reply