Surprise! Lockheed Martin's "Expensive" F-35 Now Costs Less than a Boeing F/A-18
Late last year, the then-president elect blasted Lockheed Martin (NYSE: LMT) for charging taxpayers a "tremendous cost" for its F-35 stealth fighter jet. At the time, Lockheed Martin's cheapest F-35 variant, the F-35A conventional takeoff-and-landing (CTOL) fighter jet, cost about $100 million each -- significantly more than fourth-generation fighter jets built by Boeing (NYSE: BA).
And so Trump tweeted that, if Lockheed Martin didn't move quickly to cut the cost of the F-35, he would "price-out a comparable F-18 Super Hornet" from Boeing (NYSE: BA) and buy that instead. (At the time, Boeing F/A-18 Super Hornets were selling for closer to $70 million, and a new Advanced Super Hornet was in the works that would eventually be priced at about $79 million.)
Source: Fool.com
Boeing Co. Stock
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