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Trump Attacks Lockheed’s F-35 Jet in Blow to Defense Stocks

  • Morning tweet says program’s costs are ‘out of control’
  • Aircraft program joins Boeing’s Air Force One in crosshairs
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Trump: F-35 Jet Program Costs Are 'Out of Control'

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Defense stocks plunged as President-elect Donald Trump took aim at another high-profile military program: Lockheed Martin Corp.’s F-35 fighter jet, the Pentagon’s most expensive weapons system.

“The F-35 program and cost is out of control,” Trump posted Monday on Twitter. “Billions of dollars can and will be saved on military (and other) purchases after January 20th,” inauguration day.