Air Force One

Are Defense Stocks in Trouble?

Last week President elect Trump criticized Boeing for the two next generation Air Force One presidential jets costing $4 billion. No matter that there is only a contract for design and no contract for building jets to replace the aging Boeing jets that carry the president. Boeing stock fell briefly anyway. Then this week Mr. Trump criticized the F-35 joint strike fighter jet program as having costs out of control. And now Lockheed Martin, United Technologies and BAE systems stocks are trading lower. The Wall Street Journal discusses the effects on defense stocks as Trump targets the F-35 program.
President-elect Donald […]

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