Lockheed Martin (LMT) Downside Reaction to President-elect Donald Trump’s Comment on F-35 Costs, Boeing (BA) Surges

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Shares of Lockheed Martin Corp. (NYSE:LMT) closed in negative territory by 1.27% (or -$3.21) at $249.59 while Boeing Co. (NYSE:BA) stock surged $0.35 (or +0.22%) to $157.81 on Friday’s trading session after President-elect Donald Trump said on his Twitter account that, based on the tremendous cost and cost overruns of the Lockheed Martin F-35, he has asked Boeing to price-out a comparable F-18 Super Hornet.

Lockheed Martin, which engages in the research, design, integration and sustainment of technology systems, products, and services, has 292.98M shares outstanding, market capitalization (intraday) of $73.12B and LMT stock 52-week range is from $200.47 to $269.90 per share.

Boeing, which designs, develops, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services, has 617.17M shares outstanding, market capitalization (intraday) of $97.38B and BA stock one-year range is between $102.10 and $160.07 per share.

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