Lockheed Predicts Defense Growth Will Slow

Team Infidel

Forum Spin Doctor
Washington Post
February 6, 2008
Pg. D4
Growth in U.S. military budgets will decline as the war in Iraq winds down, Lockheed Martin chief executive Robert Stevens said. He didn't project the future growth rate. The proposed U.S. defense budget for 2009 was in line with Bethesda-based Lockheed's expectations, at $515.4 billion, up 7.5 percent, Stevens said at an investor conference. Funding for wars in Iraq and Afghanistan was about $20 billion more than expected, at $70 billion, he said.