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Breaking Defense

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Robert Stevens

Lockheed, Boeing Gain Despite Sequester Fears

Posted by Sydney J. Freedberg Jr. on


Even as Lockheed Martin chairman Robert Stevens warns of mass layoffs if sequestration hits, his company has been doing remarkably well this year, with revenue up 6 percent this quarter and earnings up 26 percent, according to an analysis by Motley Fool’s Rich Smith. Boeing has done even better, with 58 percent earnings growth, thanks… Keep reading →

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Next Week, A Storm of Sound & Fury On Sequestration

Posted by Sydney J. Freedberg Jr. on


WASHINGTON: As jetlagged aerospace executives and defense reporters head home from a frankly discouraging Farnborough Air Show, Washington is gearing up for storm of stop-sequestration events this coming week. What it will actually accomplish is an open question. Sequestration has hardly been a quiet topic this past week, with a pointed, partisan, and unproductive exchange… Keep reading →

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