Tornado Alley (PROG)

[BullNBear52]

I hope Trump keeps the tweets coming.

Lockheed falls as Trump tweets that F-35 program is costly

NEW YORK (AP) -- Shares of Lockheed Martin fell Monday, wiping out nearly $4 billion of the company's market value, as President-elect Donald Trump tweeted that making F-35 fighter planes is too costly and that he will cut "billions" in costs for military purchases.

Trump didn't mention any specific company in his tweet, but Bethesda, Maryland-based Lockheed makes the F-35 one-seat fighter aircraft and is a major U.S. defense contractor.

The F-35 program made up 20 percent of Lockheed's total 2015 revenue of $46.1 billion. And U.S. government orders made up 78 percent of its revenue last year. The F-35 program directly or indirectly supports more than 146,000 U.S. jobs, according to the company's website .

https://www.yahoo.com/news/lockheed-falls-trump-tweets-f-141250909.html?ref=gs