The military under the Trump administration will see new competition targeting the F-35 as a push to ?reduce costs. President-elect Donald Trump, in a combative first press conference since he was elected, said he has gotten to know the “fantastic” admirals and generals involved in the F-35 program. “We’re going to do some big things on the F-35 program, and perhaps the F-18 program,” he said. “And we’re going to get those costs way down and we’re going to get the plane to be even better. And we’re going to have some competition and it’s going to be a beautiful thing.” Much like Trump’s tweet targeting F-35 costs late last year, his comments sparked drop in Lockheed Martin stock, which began to recover Wednesday afternoon.
The Pentagon’s cost estimate for the Iran War has risen to $37.5 billion, Defense Secretary Pete Hegseth told a congressional committee July 21—and without emergency supplemental funding, the military will have to “curtail” training to cover those costs, he added.