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By Donald Lambro
Growth spikes are little more than trend-free anomalies
Independent voices from the The Washington Times Communities
Topic - Lockheed Martin Corp.
In response to declining defense budgets and recent sequestration, Bethesda-based contractor Lockheed Martin said Thursday it is cutting 4,000 jobs — 3.5 percent of its workforce — and closing or downscaling several facilities around the country.
Hypersonic missiles? Check. Speeds up to Mach 6? Check. A spy plane so advanced that adversaries wouldn't have time to react? Check. That's what Lockheed Martin Corp. plans for the SR-72 'Son of Blackbird,' the successor to the U.S. Air Force's SR-71 Blackbird.
As lawmakers take up austerity measures and the Defense Department and other agencies grapple with difficult budget choices, some contracting companies that derive their income entirely from the federal government have grown increasingly fat.
Red River Computer Co., which resells Cisco, Apple and Dell computers to the government, is a company with only 68 employees, yet it paid its top executives more than $5 million in 2011, including $1.2 million to its CEO, Richard Bolduc.
For Egypt's Muslim Brotherhood-dominated government, more battle tanks and jet fighters are on their way from the United States.
Lockheed Martin Corp. has ousted its president and future CEO over a relationship with a subordinate.
Sen. John McCain on Wednesday accused President Obama of using taxpayer dollars to buy off defense contractors for political gain.
Two top Republicans said this week that the Obama administration may not have had the legal authority to tell defense companies that taxpayers will pick up their legal bills if the companies are sued because of layoffs resulting from pending defense cuts.
The F-35 Joint Strike Fighter is the white whale of the Defense Department — a stealth jet designed to work for all branches of the armed forces — but at a total cost of $1.5 trillion, it's also a program that analysts say is an epic boondoggle that neither President Obama nor his GOP challenger, Mitt Romney, has a realistic plan to get under control.
A Washington Times analysis of newly released Federal Election Commission records found 70 House races and two Senate races where one candidate raised the most money from within the state, but the opponent raised the most overall thanks to out-of-state donations.
Drones that can fold up and fit in a shoebox, machines that can leap 30 feet into the air through a window to gauge hostile situations for police, driverless surface vehicles that lug soldiers' equipment through the deserts of the Middle East — groundbreaking unmanned technology is opening a world of possibilities for the military, law enforcement and many other sectors.
The Air Force late last month convened a summit in Ohio to address the most vexing problem of its premier jet fighter — pilots becoming dizzy from oxygen deprivation while flying the supersonic F-22 Raptor.
Britain's defense secretary is ditching proposals to buy a particular type of F-35 Joint Strike Fighter — reverting to an original plan previously criticized by Prime Minister David Cameron.
One of the world's largest defense contractors, Bethesda-based Lockheed Martin Corp., agreed Friday to pay $15.8 million to the U.S. government to settle allegations that it mischarged perishable tools used on numerous contracts, the Justice Department said.
When Taiwanese security personnel detained a suspected spy for China at a top secret military base last month, they may have had a sense of deja vu.