Art Of The Deal

V

vanzandt

...and he's not even in office yet.
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Lockheed Martin CEO commits to driving down F-35 fighter's costs
1 Hour Ago
Reuters

Dec 23 (Reuters) - Lockheed Martin Corp said its Chief Executive Marillyn Hewson gave U.S. President-elect Donald Trump a personal commitment to bring down the price of its F-35 fighter jet, after he heaped pressure on the aerospace company over the cost.

Lockheed's shares fell on Friday after Trump's message on Twitter, and after he earlier tweeted that he had asked rival Boeing Co to "price-out" an older aircraft as an alternative.

Hewson said in a statement tweeted by Lockheed that the company would "aggressively" drive down the cost of the F-35, which brought in about 20 percent of Lockheed's sales last year.

Trump's transition team did not immediately respond to requests for comment.

Lockheed shares ended down nearly 1.3 percent in Friday trading on the New York Stock Exchange.
 
Update added from wire service:

CEO Marillyn Hewson said she spoke with Trump on Friday afternoon and assured him that she had heard his message "loud and clear" about reducing the cost of the F-35.

Trump, in a tweet posted late on Thursday, suggested that an older aircraft made by rival aerospace company Boeing Co could offer a cheaper alternative to the F-35.

"Based on the tremendous cost and cost overruns of the Lockheed Martin F-35, I have asked Boeing to price-out a comparable F-18 Super Hornet!" Trump said.

Hewson, in a statement posted on Twitter, said she had had "a very good conversation" with Trump on Friday.

"I gave him my personal commitment to drive the cost down aggressively," she said in the statement.
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.... I mean seriously,.... he's not even in office and he just saved American taxpayers Billions with one Tweet and one phone call.
Why haven't we been doing this all along!!!???? This is why he got elected. Common f'ing sense. Its what we need.
 
vanzandt said:
.... I mean seriously,.... he's not even in office and he just saved American taxpayers Billions with one Tweet and one phone call.
Why haven't we been doing this all along!!!???? This is why he got elected. Common f'ing sense. Its what we need.
More...

Trump has basically accomplished more in a week than Obama did in eight years.

Trump's biggest challenge may be to deal with all the winning without getting a big head.

 
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