“Despite cuts to next year’s military budget, weapons merchant Lockheed Martin did very well for itself in the Obama administration’s proposed spending plans. Although Lockheed took a big hit to its main franchise, the $400 billion F-35 Joint Strike Fighter, the administration confirmed a goal of 2,443 fighters, refusing to reduce or cancel any of the versions being developed for three different military services. Soon, Lockheed will be the only company producing fighters in the U.S.
Lockheed was also successful in defending several other weapons programs, including its C-130J Super Hercules transport, which will be the only fixed-wing airlifter being produced in the next decade; photo-reconnaissance satellites and spacecraft generally; the Aegis naval combat system; and the Littoral Combat Ship, a shallow-water warship that Lockheed Martin has invested in heavily….”
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