The defense industry faces "a new reality," says Lockheed Martin (LMT) CEO Bob Stevens. Lockheed...

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

The defense industry faces "a new reality," says Lockheed Martin (LMT) CEO Bob Stevens. Lockheed is bracing for greater budget austerity at the Pentagon, and is preparing to cut the price of the new F-35 planes by at least 20%.