Lockheed Martin shares undergo after Trump F-35 tweet

F-35 fighter

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Shares in Lockheed Martin have fallen after President-elect Donald Trump stated he would minimize the price of its F-35 Joint Strike Fighter after taking workplace.

He tweeted: “F-35 program and value is uncontrolled. Billions of can and can be saved on navy (and different) purchases after January 20.”

The F-35 is the Pentagon’s costliest weapons programme, costing about $400bn (£316bn).

Lockheed shares have been down four.2% at $248.51 in morning buying and selling.

Jeff Babione, Lockheed’s F-35 chief, stated the corporate understood considerations about affordability, however added: “It is an incredible programme. It is nice worth and I stay up for any questions that the President-elect could have.”

He was in Israel on Monday with US Defence Secretary Ash Carter because the nation ready to take supply of first F-35 fighters.

Israel is amongst a small variety of US allies to purchase the aircraft.

Mr Trump’s missive comes every week after he condemned as “uncontrolled” the price of a new Air Force One plane being constructed by Boeing.