LONDON (Reuters) – British Prime Minister Theresa May congratulated Donald Trump on winning the U.S. presidency on Wednesday, saying Britain and the United States would remain “strong and close partners on trade, security and defence”. I would interpret this to wait for profit taking on LMT long position since Harrier fleet needs replacement.
Partners will stay put on Lockheed’s F-35 program but Lockheed’s F-16 could lose its front-runner status as India looks to buy more jets. Lockheed offered attractive incentives to New Delhi, like tech transfers and in August the company said it would move its F-16 manufacturing to India.
“But with an isolationist policy, you’re not going to give them more tech transfers,” Pettibone said.
Instead India could order more jets from France’s Dassault, Sweden’s Saab or offerings from Russian firms.