Stock Now Down Over 4 Percent
The man who can be baited with a tweet knows that fact is a two-way street. Donald Trump Monday morning, posted a tweet attacking what he claims are “out of control” costs for a stealth military fighter jet, the F-35, manufactured by Lockheed Martin.
That defense contractor’s stock price tanked 2.74% in premarket trading Monday morning, immediately upon Trump’s tweet being posted. It is now down 4.05% as of this writing.
UPDATE: 10:15 AM EST –
“Trump said Monday that ‘billions of dollars can and will be saved on military (and other) purchases after he is inaugurated,” MarketWatch reports.
Last week Trump picked a fight with Boeing, falsely claiming that the defense contractor who is under contract for $170 million to work with the White House and Defense Dept. to design new Air Force Ones for the president, was extremely over budget by about a billion dollars. There is no contract yet to manufacture the planes, which the DoD has tagged at about $1.3 billion for each.
Trump on Saturday in Louisiana even falsely suggested that one Air Force One would cost $4.2 billion.
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