Trump criticized Lockheed Martin for the high cost of F-35

In response, the company said it has already taken steps to reduce the cost of the aircraft

The US President-elect Donald trump on Monday criticized another major contractor in the defense sector, saying that the cost of the program Lockheed Martin for the production of the F-35 is too high.

“The F-35 and its cost is out of control. Billions of dollars can be saved by military (and other) purchases after January 20,” said trump on Twitter.

Jeff Babin – the program Manager for the development and production of the F-35 in Lockheed Martin responded to the criticism of trump, noting that the company understands the concerns about the cost of a fighter and has already invested millions of dollars into efforts to reduce it.

According to Babina, the company is lowering the price on the F-35 to 70 percent compared to the original. “We expect that the price will be about $ 85 million in 2019 or 2020,” – he told reporters in Israel.

After the message trump the value of the shares of the giant aerospace industry fell by 4 percent.

At the end of 14 months of negotiations between the Pentagon and Lockheed Martin, which ended a week before trump wins the election, the price of the contract to manufacture the F-35 is, according to the Ministry of defence, about of 7.18 billion dollars.