Presidential post

Trump floats a Boeing F-18 to replace the F-35 — Lockheed slides again

When: 22 Dec 2016 Confidence: Pending Review Market window: ±nulld ⇄ Cascade map

Dec 22, 2016: ten days after his first F-35 tweet, Trump said he had asked Boeing to "price-out a comparable F-18 Super Hornet." Lockheed Martin (LMT) fell about 2% — roughly a $1.2B cut to its market value — while Boeing (BA) ticked up about 0.5%. A single post moved two defense contractors in opposite directions; analysts noted there is "no such thing as a comparable F/A-18." (Sources: CNBC, Fortune, Bloomberg, Seattle Times — Dec 22, 2016.)

Source: https://www.cnbc.com/2016/12/22/lockheed-martin-shares-take-another-tumble-after-trump-tweet.html

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