Lockheed's Growth Projected to Slow

Summary


Lockheed Martin Corp.'s growth rate could slow, with several industry analysts projecting yesterday that increases in defense spending are reaching their peak.

Although the Bethesda defense contractor has shown solid revenue growth, the analysts said they are concerned about looming cuts to the company's F/A-22 Raptor Stealthfighter and F-35 Joint Strike Fighter projects.

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Extract


Lockheed's Growth Projected to Slow

"We are looking at a mid- to low-single-digit growth for the company. This is certainly not a blockbuster growth story," said ...

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