Lockheed Pledges 1,800 New Jobs & Cheaper Jets—Succumbs To Trump’s Twitter Campaign

America needs a tariff to ensure the independence of its military industrial complex, its a political question of national security

Friday, January 13, 2017

Lockheed Martin Corp (LMT.N) announced today that it close to finalizing a deal that will significantly lower the cost of its F-35 fighter jets, after CEO Marillyn Hewson’s meeting with President Elect Donald Trump.

Hewson stated:

I certainly share his views that we need to get the best capability to our men and women in uniform, and we have to get it at the lowest possible price.

Lockheed has been working to lower the program’s price, which has cost $379 billion to date, since Trump blasted the firm using his twitter account last December—threatening to ask rival company Boeing if they could provide a cheaper alternative.

Lockheed’s share price fell by 2%.

Trump’s twitter strategy has so far proven extremely effective in motivating companies to invest billions in America—from Ford to Chrysler, Alibaba to Amazon.

Not only have they lowered the price, Hewson also promised the company would create 1,800 new jobs in its Fort Worth, Texas, facility.

She anticipates this will create “thousands and thousands of jobs” by bolstering domestic supply chains.

Time will tell.

About John Whitaker 36 Articles
Journalist, small cap trader, classical conservative.