New F-35 Contract Shows Exactly How Much Trump Saved Taxpayers Thomas Phippen Author 2:21 PM 02/03/2017
The price of one F-35 variant is less than $100 million per plane in the Air Force’s newest contract for the fighter jet that President Donald Trump has singled out as too expensive, CNBC reported Friday.
Adding up the per-plane cost savings, the new deal will save $738 million on the program, which is better than the $600 million Trump said he saved taxpayers earlier this week.
The Air Force will buy 90 F-35A fighter jets from manufacturer Lockheed Martin, which are used by the Air Force, for about $94 million each.
“President Trump’s personal involvement in the F-35 program accelerated the negotiations and sharpened our focus on driving down the price,” Lockheed said in a statement Friday. “The agreement was reached in a matter of weeks and represents significant savings over previous contracts.”
“Another big win the president has delivered on for U.S. taxpayers,” White House Press Secretary Sean Spicer said when he announced the contract in a briefing Friday. Typically, the Department of Defense waits for the end of the day to announce big defense contracts.