Dec 24, 2016
Trump Tells Twitter He Wants A Super Hornet With F-35 Capabilities
“Based on the tremendous cost and cost overruns of the Lockheed Martin F-35, I have asked Boeing to price-out a comparable F-18 Super Hornet!” he tweeted at 5:26 p.m. EST.
Lockheed Martin stock, which had closed at $252.80 a share, tumbled down to $247.75 at about 7 p.m. EST, a 2 percent decline. At the same time, Boeing stock shot up by about 1.49 percent, increasing from $157.46 to $158.95 a share.
What this means for Lockheed Martin and its top competitor Boeing in the long term is not exactly clear. Although the F-35 has been plagued with its share of cost overruns and technical issues, the F/A-18E/F Super Hornet is a fourth-generation plane that lacks many of the capabilities that define a fifth-generation plane, such as stealth and sensor fusion. Redesigning a Super Hornet to meet the same requirements as the F-35 would require years of development and engineering time and probably billions of dollars.