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IMAGE DISTRIBUTED FOR PRATT & WHITNEY - The Pratt & Whitney powered F-35 Lightning II hovers in front of crowds during its first solo appearance at the Farnborough Air Show on Tuesday 12th July 2016. The F-35 is slated to replace aging fighter aircraft from nine partner countries who have invested in the programme. Specifically, Australia, Canada, Denmark, Italy, the Netherlands, Norway, Turkey, the United Kingdom and the United States. In addition, Israel, Japan, and the Republic of Korea are acquiring the aircraft. (Fiona Hanson/AP Images for Pratt & Whitney)

Trump's tweet about the 'out of control' F-35 program just cost Lockheed Martin $4 billion

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UPDATE 2:26 p.m. EST:

President-elect Donald Trump's tweet hit Lockheed Martin hard. The company lost $4 billion in market value on Monday, CNBC reports.

That amounts to $28 million per character of tweet.

Lockheed competitors Boeing and General Dynamics' stocks also slipped after he tweeted Monday morning.

Donald Trump tweeted on Monday that the F-35 fighter jet program is "out of control."

The F-35 is made by Lockheed Martin, one of the biggest defense contractors in the world. 

The company's stock dropped 2.6 percent after Trump's tweet, Reuters reports. A week before the election, Lockheed Martin inked a $6.1 billion deal for the F-35 program after more than a year of negotiations. 

Here's the Trump tweet. It came after unrelated tweets about Russia and the CIA.

Last week, Trump made a similar statement about Boeing, the makers of Air Force One.

The context

When Trump tweeted about Boeing, he claimed the $4 billion costs were "out of control." Boeing later countered by saying its contract was only for $170 million, though it had budgeted $2.7 billion.

Trump made a similar statement in a Fox News Sunday interview. A Lockheed Martin spokesman told The Wall Street Journal, “We look forward to working with the president-elect and his administration to further build on the F-35 program’s record of demonstrated performance and affordability.”

More on the F-35

The F-35 program is the Pentagon's "most costly acquisition program," according to the Government Accountability Office. The very expensive jets (roughly $400 billion for 2,400) are extremely advanced but have proved to be problematic. 

Additionally, United Technologies makes the engines for the F-35, the Journal reports. United also owns Carrier Corp., which Trump struck a deal with to keep some jobs from moving to Mexico, later facing criticism for dubious reports about jobs saved.

Retired Gen. John Kelly was officially chosen to lead Department of Homeland Security

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