Presidential post

Trump attacks F-35 program — Lockheed Martin shares drop

When: 12 Dec 2016 Confidence: Pending Review Market window: ±nulld ⇄ Cascade map

Dec 12, 2016: Trump tweeted that the F-35 program's cost was "out of control." Lockheed Martin (LMT) dropped more than 4% in early trade and closed about 2% lower — an initial ~$4B cut to its market value. The contractor's stock fell on a post about a program it had no chance to defend in real time. (Sources: CNBC, NPR, CNN Money, TIME — Dec 12, 2016.)

Source: https://www.cnbc.com/2016/12/12/lockheed-martin-shares-drop-after-trump-says-f-35-program-too-expensive.html

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