Yahoo – AFP,
December 12, 2016
Lockheed Martin has a $1.5 trillion contract through 2070 for the F-35 fighter jet (AFP Photo/Roslan Rahman) |
Washington
(AFP) - Lockheed Martin stocks were down about four percent in early trading
Monday after President-elect Donald Trump blasted "out of control"
costs for the F-35 stealth fighter program.
With a
current development and acquisition price tag of $379 billion for a total of
2,443 F-35 aircraft -- most of them destined for the Air Force -- the Lockheed
Martin-built plane is the most expensive in history.
"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 said on
Twitter, as Defense Secretary Ashton Carter was in Israel to celebrate delivery
of the country's first two of the Lockheed Martin fighters.
Once
servicing and maintenance costs for the F-35 are factored in over the
aircraft's lifespan through 2070, overall program costs are expected to soar to
$1.5 trillion.
Lockheed
stock dropped to about $248.40 while the broader market surged amid an ongoing
post-election rally.
The US Air
Force declared an initial squadron of F-35A fighters "battle ready,"
in August, after reports of cost overruns and delays.
The Air
Force's F-35A is one of three variants of the aircraft, designed to conduct
conventional landings and take-offs.
F-35
stealth fighter (AFP Photo/Adrian Leung)
|
The F-35B,
used by the Marine Corps, is capable of short take-offs and vertical landings,
and the Navy's F-35C is built for use on aircraft carriers.
Trump has
frequently turned to Twitter to vent his outrage about anything from critiques
of Saturday Night Live, a weekly comedy-variety television show, to attacking
Boeing for the cost of designing a new version of Air Force One, the
presidential plane.
Proponents
tout the F-35's radar-dodging stealth technology, supersonic speeds, close
air-support capabilities, airborne agility and a massive array of sensors
giving pilots unparalleled access to information.
But the
program has faced numerous setbacks, including a mysterious engine fire in 2014
that led commanders to ground planes until the problem could be resolved.
Other
issues have led to delays and cost overruns, including software bugs, technical
glitches and even a faulty eject system that risked killing pilots who weighed
less than 136 pounds (62 kilos).
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“… 8 - The End of War
The last one is the best. For thousands of years on this planet, Human Beings have warred with each other. If you take a look at the reasons they warred with each other, you will quickly see there aren't any good ones - land, resources, greed. Those are not reasons. That is a description of old energy. Those are not reasons. Reasons would be perhaps defense against an aggressor. But what if there is no longer the consciousness of the aggressor?
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