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Lockheed Martin (LMT), Boeing (BA), Northrop Grumman (NOC) and other defense firms threaten to...

Lockheed Martin (LMT), Boeing (BA), Northrop Grumman (NOC) and other defense firms threaten to announce massive layoffs prior to the election if Congress fails to reach a deal that would forestall the automatic implementation of $50B/year in defense cuts on Jan. 1. With major facilities in key battleground states, the firms hope to concentrate minds.
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