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Air Force

Lockheed Martin Says F-35 Profits On Plan Despite Trump’s Focus On Affordability

By Cal Biesecker

Tuesday, January 24th, 2017

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Lockheed Martin Says F-35 Profits On Plan Despite Trump’s Focus On Affordability

An F-35 firing an AMRAAM. (Photo: Raytheon)

Lockheed Martin [LMT] will increase profit margins on the F-35 Joint Strike Fighter while decreasing the per-aircraft price tag amid high profile pressure from President Donald Trump to contain costs on the Pentagon’s most expensive program, company executives said on Tuesday.Marillyn Hewson, chairman, president and CEO of Lockheed, who had two meetings with Trump prior to his inauguration last Friday to discuss his concerns with the affordability of the F-35, said the talks haven’t been “about slashing our profit, it’s not about…

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