Trump: F-35 Jet Program Costs Are 'Out of Control'

The video discusses the F35 program, a significant project for Lockheed Martin, highlighting its cost and profitability challenges. It explores the impact of government contracts on defense spending, especially under President-elect Donald Trump's administration. The video also examines different government contracting methods, such as cost-plus and fixed-price contracts, and their implications for contractors.

What is the primary focus of the F35 program for Lockheed Martin?

• Improving the stealth capabilities

• Reducing the number of aircraft produced

• Increasing the speed of the aircraft

• Driving future revenue and profits

What is a significant concern regarding the F35 program?

• Limited technological advancements

• Insufficient production facilities

• Cost overruns and engine problems

• Lack of international interest

What is a potential focus of the new administration regarding government contracts?

• Increasing the number of contracts

• Reducing contract costs

• Expanding international partnerships

• Enhancing technological innovation

Which program is mentioned as having a significant budget in the future?

• Northrop B21

• Apache Helicopter

• F16 Fighting Falcon

• F22 Raptor

What is a key difference between cost-plus and fixed-price contracts?

• Fixed-price contracts are more flexible

• Fixed-price contracts involve more risk for contractors

• Cost-plus contracts are cheaper

• Cost-plus contracts are only for military projects