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

|About: Lockheed Martin (LMT)|By:, SA News Editor

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.