iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,426 Blog Posts

Trump Takes on Lockheed’s F-35 Boondoggle; Shares Sink

The F-35 is the most expensive military project in the history of mankind. Thus far, it is $163b above budget and 7 years late. By the time the U.S. and its allies take possession of the last plane, which is scheduled for 2040, the project would have cost upwards of $1.5t.

Each plane will cost around $100m and the current price tag is upwards of $400b.

Welcome to the military industrial complex.

Trump called out $LMT for their insolence, in a public shaming this morning. Shares are sinking, as a result.

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4 comments

  1. skulduggery

    I think they were wrong from jump street requesting a plane that does everything, a jack of all trades. It makes things bloated and more fragile.

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  2. bountyhunter1

    F-35c … $330 million per copy doh !

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  3. hedge500

    That money should have been invested in drone technology.

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  4. matt_bear

    i would think the left loves that kind of talk…although messing with someone’s government gravy train is dangerous.

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