Ron Burgundy Posted March 1, 2013 Share Posted March 1, 2013 WASHINGTON, Feb 28 (Reuters - Lockheed Martin Corp, the Pentagon's largest supplier, on Thursday said its programs could be materially reduced, delayed or canceled if Congress does not avert across-the-board budget cuts due to take effect Friday, which would drive sales and earnings lower than projected. If the reductions do take effect, Lockheed said its 2013 sales would drop more than the current outlook, which forecast a decline in the mid single-digit percentage range on the assumption that the automatic budget cuts would be averted. ... View the full article Quote Link to comment Share on other sites More sharing options...
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