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Lockheed Martin (LMT) could face hundreds of millions of dollars in business claims from...

Lockheed Martin (LMT) could face hundreds of millions of dollars in business claims from suppliers if $500B in additional defense spending cuts take effect in January as currently mandated, CEO Bob Stevens warns. The near-term industry horizon is "completely obscured by a fog of uncertainty," he says, calling it a "fiction" that the U.S. defense industry was robust enough to survive such cuts.
Comments (8)
  • William Rilling
    , contributor
    Comments (139) | Send Message
     
    So....what do the shareholders do? I would guess if you can believe Romney if he get's elected he will spend on Military like crazy, hopefully not another War. What do others smarter than me think?
    19 Jun 2012, 07:33 PM Reply Like
  • Ramesh Rangaswamy
    , contributor
    Comments (22) | Send Message
     
    He will build on Infrastructure for Navy. Probably some sea bridge to strike any country any time. ORN should benefit if so... US have run out of enemies that they can war on.
    They have to create fictitious aliens and spend on contracting to defense to fire into other planets...
    19 Jun 2012, 08:14 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    This automatic cut is because the politicians didn't´t have the guts to cut any entitlements or other wastes of money..and there are trillions...search for a list of government programs and see what junk comes up...
    19 Jun 2012, 09:40 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Defense companies have to start diversifying into the product/program areas likely to grow: surveillance, unmanned strike, force protection, national security, and also into non-defense technology outgrowths.
    19 Jun 2012, 09:40 PM Reply Like
  • sabresfan21
    , contributor
    Comments (133) | Send Message
     
    Defense spending has been on unsustainable run post 9/11. Defense companies should have been prepared for an inevitable correction but many likely have not.
    19 Jun 2012, 11:00 PM Reply Like
  • moneyTalksBSWalks
    , contributor
    Comments (193) | Send Message
     
    Well shareholders have to make a political call on the election. If rethugs win, the gravy train continues, if libtards win, a long drought is likely in order. Though it might be a safe bet too that the defense industry will figure out a way to buy the libtards too - invent some fiction about defense spending having a social utility. You know, something similar along the lines of the billions spent on NASA giving us some hardy metals and plastics and what not. And yes, inventing new enemies is always the backup. Watch out Cuba and Venezuela!
    19 Jun 2012, 11:56 PM Reply Like
  • Teutonic Knight
    , contributor
    Comments (2000) | Send Message
     
    Risk is part of what doing business is all about. The defense industrial enterprise would not consider itself immune to downturns. For a long while, the defense industrial enterprise had more or less conducted itself as an 'extension' of the DoD, or part of the federal government. This mindset has to change with a changing world and realities.
    20 Jun 2012, 12:24 AM Reply Like
  • Non-Performing Loan
    , contributor
    Comments (465) | Send Message
     
    How about selling your products to the World generating REAL Income?
    20 Jun 2012, 06:06 AM Reply Like
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