President-elect Donald Trump criticized the F-35 fighter jet early Monday, saying the “program and cost is out of control.”
Trump said that when he takes office he will work to control costs of military contracts.
“The F-35 program and cost is out of control. Billions of dollars can and will be saved on military (and other) purchases after January 20th,” Trump wrote on Twitter.
A CNN report over the summer noted that F-35’s cost has risen to $400 million to produce 2,457 planes — nearly twice the estimated cost.
More than 1,000 planes were to have been delivered by 2016, but only 179 had been sent as of April this year.
Lockheed Martin builds the F-35. CNBC reported several minutes after Trump’s tweet that shares of its stock were dropping ahead of the opening of U.S. markets.
This is the second time in two weeks that Trump has hit a military contractor.
Trump last week slammed Boeing for the cost of its new Air Force One, causing a similar occurrence where stocks in Boeing dropped.