After hours of delay, the two F-35 jet planes are making their way to Israel. President-elect Trump criticized the program claiming the costs can be cut. After Trump’s statements Lockheed Martin’s stock began to drop.
President-elect Trump Photo Credit: Reuters\Channel 2 News
While the people in Israel are anxious for the two F-35 stealth planes to land in Israel, President-elect Donald Trump has criticized the F-35 program on Twitter, “The F-35 program and cost is out of control.”
“Billions of dollars can and will be saved on military purchases after January 20th,” Trump wrote in his tweet. Following Trump’s statement, Lockheed Martin’s stock has dropped by 3%.
The Ceremony site in Nevatim airbase Photo Credit: Amos Dor/Channel 2 News
One week before the elections, the U.S. Defense Department signed their ninth contract with Lockheed Martin after 14 months of negotiations. The deal with Lockheed Martin is over $61 billion.
Lately Trump addressed the “wasteful policy” that is related to other contracts such as the Air Force 1 with Boeing. Trump claims that the plane’s cost ($4 billion) is “out of control” and has called to cancel the order.
With that said, after the delay earlier, the planes are expected to land in Israel at 19:30 and then the ceremony will begin.