Monday, February 18, 2019

Trump asks Boeing to price-out ‘comparable’ F-18 Super Hornet to Lockheed’s F-35 By Edmund DeMarche

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Trump asks Boeing to price-out ‘comparable’ F-18 Super Hornet to Lockheed’s F-35

NOW PLAYINGYork: Boeing meeting shows power of Trump’s use of Twitter

President-elect Donald Trump tweeted Thursday that based on the “tremendous” cost overruns of Lockheed Martin’s F-35 program, he had asked the aerospace giant’s competitor, Boeing, to “price-out a comparable F-18 Super Hornet.”

Trump did not go into specific details about his Boeing inquiry, but it does appear to show his willingness to pit two major competitors for lucrative government contracts against each other on a public platform.

His tweet sent shares of Lockheed down 1.9 percent in after-hours trading while Boeing shares rose 0.7 percent.

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!

When reached by FoxNews.com, a Lockheed spokeswoman did not comment on the tweet. Boeing told FoxNews.com in a statement that it is “committed to working with the president elect and his administration to provide the best capability, deliverability and affordability across all Boeing products and services to meet our national security needs.”

Marcus Weisgerber, the vice president of the Pentagon Press Association, tweeted that you cannot compare the two jets. The F/A-18 is cheaper, but unlike the F-35, it is not stealth. He said the Trump move “turns up the heat” on Lockheed which is entering contact negotiations for the next 100 F-35s.

This really turns up the heat on @LockheedMartin entering contact negotiation for the next 100 F-35s. The price is really gonna fall now https://twitter.com/realDonaldTrump/status/812061677160202240 

“The price is really gonna fall now,” Weisgerber tweeted.

Trump met with CEOs from both companies Wednesday at his Mar-a-Lago resort in Palm Beach, Fla. He has been a vocal critic about the cost of Boeing’s work on two new Air Force One plans, as well as Lockheed’s contract for F-35 fighter jets.

Following the meetings, both CEOs said they had discussed lowering project costs with the president-elect.

Thursday was not the first time a tweet from Trump affected shares of Lockheed.

Earlier this month, Trump tweeted that making F-35 fighter planes is too costly and that he will cut “billions” in costs for military purchases.

The F-35 program made up 20 percent of Lockheed’s total 2015 revenue of $46.1 billion. And U.S. government orders made up 78 percent of its revenue last year. The F-35 program directly or indirectly supports more than 146,000 U.S. jobs, according to the company’s website.

Lockheed said at the time that it has worked to lower the price of the F-35 by more than 60 percent and said it expects the aircraft to cost $85 million in 2019 and 2020.

The Associated Press contributed to this report

Edmund DeMarche is a news editor for FoxNews.com. Follow him on Twitter @EDeMarche.

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sawolf

sawolf

“A Monday test pairing a Lockheed Martin F-35B Lighting II Joint Strike Fighter (JSF) with an Aegis Combat System armed with a Raytheon Standard Missile-6 is the latest step in expanding how the Navy and Marine Corps will share data on future battlefields.

Using targeting information transmitted from the Marine Corps F-35B, the Navy’s Aegis test site at the White Sands Missile Range, New Mexico launched an SM-6 anti-air missile and struck a Beechcraft MQM-107 target representing an adversarial fighter.

“The way I’d describe it was a center of mass hit,” said Dana Potts with Lockheed Martin said in a Tuesday conference call with reporters.

“It absolutely disintegrated the target.”” 12SEPT16

The Lightning is starting to come together as the tip of the spear in  Networked  Warfighting System that is changing the Paradigm.

krutovdl

krutovdl

Competition cuts the fat. This country will get a better fighter jet in the end and tax payers can pocket more of their money.

jaylaterno

jaylaterno

Yes we need to rebuild and improve our nukes, hahah read my old posts I told ya somebody gonna leave the earth soon. Some country will be leaving this planet. Like walking dead Glenn? Trump is Nigel! Cn you imagine Trumpnails Iran like Glenn from walking dead? hahahahah

Jodi724

Jodi724

Here we go, America, has needed a business man for the last decade. Sit back and Watch…

EdwardLarson

EdwardLarson

Our next new fighter will be completely autonomous. Dump the F-35 and invest that money in unmanned systems.

1whonoze

1whonoze

Who’d of thought it? Get Socialism out of Washington and Washington will get out of your pocket!!!!!

AZCowboy49

AZCowboy49

Pilots here a MCAS Yuma say the F35 can all but fly itself…. If that’s what they’re after… just make it a drone and be done with it.

Mikea1b2c3

Mikea1b2c3

Lockheed said at the time that it has worked to lower the price of the F-35 by more than 60 percent.
There is really not much to say.

2kmaro

2kmaro

Comparing an F-18 to the F-35 is ludicrous.  If nothing else, consider that both Russia and China have stealth fighters in their arsenals, then sending in not-stealthy platforms like the F-18, F-15 and F-14 up against them is a great way to reduce your inventory of F-18s, F-15s and F-14s – not to mention flight crews.

1new reply

JJR7

JJR7

Absolutely amazing. No potus has ever looked at what any government purchase cost……or considered that tax money was not meant to all be spent foolishly.

BobMex

BobMex

@JJR7 That’s what you pay accountants for.

Presidents look at the big picture.

7new replies

keeptrucking

keeptrucking

Finally a President who negotiates before whizzing away my tax dollars – no other president gave a dang.  Obunga gave the contractors a raise – what a dip stick!

grumpymann

grumpymann

Concerning the F-35, it violates one of the prime laws of engineering design specifically , ” The more things you design a machine to do, the less well it does ANY of them”.  I was an navy avionics type back in the stone age.

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