Lockheed Martin CEO Commits to Driving Down F-35 Fighter's Costs

Lockheed Martin Corp said its Chief Executive Marillyn Hewson gave President-elect Donald Trump a personal commitment to bring down the price of its F-35 fighter jet, after he heaped pressure on the aerospace company over the cost.

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Lockheed's shares fell on Friday after Trump's message on Twitter, and after he earlier tweeted that he had asked rival Boeing Co. to "price-out" an older aircraft as an alternative.

Hewson said in a statement tweeted by Lockheed that the company would "aggressively" drive down the cost of the F-35, which brought in about 20 percent of Lockheed's sales last year.

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Trump's transition team did not immediately respond to requests for comment.

Lockheed shares ended down nearly 1.3 percent in Friday trading on the New York Stock Exchange.