Lockheed Martin (NYSE: LMT) CEO Marillyn Hewson has said she assured President-elect Donald Trump that the company will work to reduce the cost of the F-35 fighter aircraft, CNN reported Friday.
Danielle Wiener-BronnerÂ writes Hewson made the remarks in a Twitter post Friday a day after Trump askedÂ BoeingÂ (NYSE: BA) to quote a competing price for itsÂ F-18 Super HornetÂ fighter aircraftÂ due to cost overruns in the F-35 program.
“I gave him my personal commitment to drive the cost down aggressively. â¦ and weâre ready to deliver, â she said.
Sen. Richard BlumenthalÂ (D-Connecticut) told FOX 61 that a possible reduction in the F-35 production would result in job losses in Connecticut and would have an impact on national security.
âPhasing out the (F-35) program and adopting F-18 not only deprives Connecticut of jobs, it deprives our nation of air superiority, â Blumenthal said.
Engines for the F-35 fighter jets are assembled in Connecticut and Florida, according to FOX 61.
Defense analysts say they are uncertain whether Lockheed will cut the F-35âs price since the fighter aircraft has area-denial and anti-access platforms, stealth capabilities that are not present in Boeingâs F-18s, according to a report by Seth Burton for Facts Reporter.