Trump tweets that the F-35's cost is 'out of control' ' and now the stock of the company that makes them is diving (LMT)

Another stock is reeling intothe red after a tweet by President-elect Donald Trump.This time around, Trump turned his gaze to Lockheed Martin's F-35 program in a tweet early Monday morning."The F-35 program and cost is out of control," tweeted Trump. "Billions of dollars can and will be saved on military (and other) purchases after January 20th."The next generation fighter jet has overrun costsovershooting the original budget by 50%but is near completion. In total, the military has spent roughly $1.5 trillion on the development of the F-35.Following the tweet, Lockheed Martin's stock fell by as much as 3% and was down 2.55% as of 8:45 a.m. ET. Based on the number of shares outstanding, the tweet has shaved just over $2 billion from Lockheed's market cap.The tweet comes just one week after Trump took aim at Boeing over costs for the replacement Air Force One. Boeing fell by 1.5% after the tweet but ended the trading day positive.After the Boeing tweet, Trump argued that part of his role as president will be to "negotiate" prices.SEE ALSO:'I'm going to negotiate prices': Trump explains why he went after Boeing over Air Force OneJoin the conversation about this storyNOW WATCH: Watch the Marines' F-35 fire an 80-round burst from its gun pod for the first time
Click here to read full news..