Is Donald Trump putting coal in Lockheed Martin’s Christmas stocking?
Trump has sent another tweet about the F-35 jet fighter (Lockheed Martin is the primary contractor), this time asking Boeing to price out a comparable F-18 Super Hornet as a possible replacement for that jet. Trump’s tweet caused Lockheed Martin shares to dive even as Boeing shares climbed.
Trump is right to pressure Lockheed Martin on the F-35, though I’m not sure tweets are the best way to do this. I remember planning for the F-35 twenty years ago when I was on active duty in the Air Force. The F-35 Joint Strike Fighter was supposed to be a relatively low cost fighter/attack aircraft that would meet Air Force, Navy, and Marine needs. Back then, the flyaway cost was estimated at $40 million per plane, more expensive than the F-16 but roughly equivalent to the F-15E “Strike Eagle.” The current flyaway cost is roughly $200 million per plane,* and even higher for the Marine Corps version with its vertical landing/short takeoff capacity.
What happened? Everything went wrong as each service piled requirements onto the F-35 and all kinds of exotic features were added to it. Stealth capability. Loads of special software featuring millions of lines of code. Unique (and expensive) helmets for its pilots. Vertical landing/short takeoff capacity for the Marines, which drove an airframe configuration that made it less maneuverable for the Air Force. In short, the F-35 became like a Swiss army knife, featuring lots of tools and moving parts. Sure, in a pinch a Swiss army knife can be used as a screwdriver or what have you, but most of the time what you really need is the best screwdriver for the job.
The F-35 is reminiscent of another ill-fated effort to build a jet acceptable to all the services: the F-111 “swing-wing” program of the 1960s.
The Navy never deployed it, and the Air Force was never that happy with it, converting it to a fighter/bomber and an electronics warfare plane. The Navy went on to build its own fighter jet, the F-14, even as the Air Force built its fighter jet, the F-15. Then the Air Force and Navy got two decent fighter/attack jets, the F-16 and F-18, out of the lightweight fighter competition.**
Here’s the thing: Although jets like the F-15 and F-18 are not stealthy, they are very effective, especially when updated with the latest weaponry and avionics and flown by skilled pilots. Meanwhile, highly effective UAVs (drones) have emerged, e.g. Predators and Reapers, with long loiter times and no risk of U.S. casualties. To put it bluntly, does the U.S. really need the F-35, especially given its high cost and underwhelming performance?
Back to Donald Trump. Is he bluffing when he threatens to buy Boeing-made F-18s instead of the F-35? Is he posturing to get Lockheed Martin to cut the price of the F-35 (which, at this late stage of its development, may not even be possible)? One thing is certain: A lot of good American jobs are riding on Trump’s tweets. Expect Lockheed Martin to rally its Congressional allies to defend the program. The plane’s multitude of contracts were deliberately spread throughout the 50 states to gain as much Congressional support as possible.
For a little fun, go to the Lockheed Martin website.
Let’s put in Pennsylvania. Here’s what you get: 41 supplier locations, 2100 jobs, $172.5M in economic impact. How about New York? 77 suppliers, 8160 jobs, $695.2M in economic impact. How about Bernie Sanders’s state of Vermont? 3 suppliers, 1410 jobs, $124.5 million in economic impact. Small wonder that even Bernie Sanders during the campaign was an F-35 supporter.
One thing is certain: the stealthy F-35 has not evaded Trump’s radar. Whether Trump will shoot it down or simply watch it as it soars on by while burning piles of money remains to be seen.
William J. Astore
*Note: estimates vary about the final flyaway cost since it’s ultimately dependent on how many F-35s are produced. Current estimates for the entire U.S. purchase are $400 billion, with another trillion dollars for maintenance and spares and related costs over the program’s lifetime.
**The most rugged and effective attack jet in the Air Force’s inventory, the A-10, was never much liked by the Air Force; generals have fought to eliminate it in favor of the much less effective F-35, but Congress has actually fought back to keep the A-10, affectionately known as the Warthog, a name and image contrary to the AF fighter pilot mystique of “eagles” and “fighting falcons.”