President Trump: Lockheed Martin Will Cut F-35 Cost By $600 Million

President Donald Trump said Monday that Lockheed Martin (LMT) has done a "great job," agreeing to slash the F-35 fighter jet program's cost by $600 million.

"I appreciate Lockheed Martin for being so responsive," Trump told reporters at the White House.

The cost cuts will be for the next order of F-35 jets, Trump said, claiming that billions of dollars will be saved in contracts over time. Lockheed had already pledged to slash F-35 costs after years of delays and price overruns. It's unclear...

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