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Trump’s Twitter attacks on defense spending signal tougher line on value for money

To read the full article in CNBC, click here.

Last week, Boeing itself was slammed by the President-elect when he tweeted that costs are out of control on Boeing's new 747 Air Force One, a price tag he said was more than $4 billion.

Responding to Trump's latest cost criticism on the F-35, a Lockheed Martin official said the defense contractor understands the president-elect's concerns about affordability and adds that the company has invested millions of dollars already to reduce the fifth-generation fighter's price by more than 60 percent since its original estimate.

Commenting on the topic, PA's defense industry expert says: These are more of the sort of tactics to let the industry know that he's going to take these seriously and that the (Trump) administration is going to review these things closely.”


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