F-35 Partner Disputes Trump's Claims That He Secured Big Savings
Source: Bloomberg
The head of BAE Systems Plc, Europes biggest defense contractor and a partner on the F-35 fighter jet, has contradicted claims by President Donald Trump that he was responsible for lopping $728 million off the price tag for the Pentagons latest warplane order.
The contracts lower price, valued at $8.2 billion, is due to savings achieved through a long-planned increase in production, Chief Executive Officer Ian King told analysts after releasing the companys full-year earnings Thursday. On a per-plane basis, savings on the order for 90 of the Lockheed Martin Corp. jets exceeded the $600 million that Trump initially said he had achieved.
In terms of the projected prices, they were all to do with the ramp-up in rates and were well-advertised, King said. But if somebody wants to take credit for that finalization, negotiation, then they can take credit for that negotiation if they wish.
Trump took on Lockheed CEO Marillyn Hewson, tweeting that costs on the military program, the Pentagons most expensive, were out of control. Defense Department officials and Lockheed had been negotiating for more than a year and were very close on price prior to President Trumps involvement, Frank Kendall, the Pentagons chief weapons buyer under President Barack Obama, said this month.
Read more: https://www.bloomberg.com/politics/articles/2017-02-24/f-35-partner-disputes-trump-s-claims-that-he-secured-big-savings
Nice to see this making the rounds in a fresh light.
tenorly
(2,037 posts)Oh, well. If wishes were horses.
Doreen
(11,686 posts)money and providing jobs so why would this be any different?
Achilleaze
(15,543 posts)The obvious lies, as well as the sneaky stanky lies, are going to come back and bite the KGOP in the ass.
Nothing the repubes say is true.
Disgusting.
mr_lebowski
(33,643 posts)Something nobody going broke something something overestimating the intelligence of the American (well, USA) people something something ...
Point being 'its working' so why stop now?
Sadly don't see it happening.
Because stupid people.
Solly Mack
(90,740 posts)And his idiot supporters will only remember the lie.