Stock in aerospace giant Lockheed Martin (LMT) fell Monday after President-elect Donald Trump tweeted criticism of U.S. defense spending for the Maryland-based firm's F-35 stealth jets.Immediately after Trump's tweet, Lockheed stock dropped over 4%, causing the company's value to plunge by over ONE BILLION DOLLARS.
The shares closed down 2.5% at $253.11, recovering slightly from steeper intraday lows.
The drop came after Trump characterized the cost of the jet development program for the U.S. Department of Defense as "out of control."
"Billions of dollars can and will be saved on military (and other) purchases after January 20th," Trump tweeted without offering details.
Donald Trump is unsuited to be president. He is a raving, loud-mouthed, narcissistic psychopath who is affected with attention deficit hyperactivity disorder. He does not read because his attention span is no more than 60 seconds. He viciously attacks anyone who does not agree with him.
What in God's name will Trump do when a foreign leader says something he does not agree with?
This nation is entering a very long, very dark tunnel and there is no hope of a light at the end.
If anyone who voted for Trump is reading this, I hope you lose your 401k, social security, Medicare, pension, job, and income. You sonsofbitches deserve it . . . the rest of us are innocent.