Lockheed Martin continued the string of defense contractors reporting good earnings as the rest of the economy struggles. See a press release here. Lockheed had a 13% increase in profit over the last year with a solid increase in earnings. The company also is starting to sound cautious about the expected downturn [...]

Raytheon subcontracted with the small business Sonju Industrial to build missile components. See an article here. Sonju Industrial is a small business and will partner with Raytheon through the Missile Defense Agency (MDA) mentor-protege program. The contract will allow significant growth of Sonju Industrial. This is another example of how defense [...]

This article describes efforts by the US Justice Department to investigate a non-profit charity somehow hired by the US military to do intelligence work. In a somewhat related issue it happens to be in Johnstown, PA home of many companies the creation of Congressman John Murtha (D-PA) purely used to shovel US tax dollars [...]

These three articles illustrate how the US defense budget as it has grown over the last several years effects localities economically. This one and this one discuss how Western Pennsylvania relies on the budget to support local industry. This article about Hawaii shows the effect of the Pacific Missile Range Facility on the [...]

This article describes the effect that Wright Patterson Air Force Base has on the local economy. As more contracts are placed for SETA support and R&D programs they spill over into the regular community. The area has certainly relied on the AFB in the past to support it, and looks forward to continuing [...]

No matter who wins the contract state delegations are lobbying the Air Force to base the new tanker in their states. See The Hill for more on this. Not only are states choosing sides in which contractor should get the contract, see this previous post and this one as well, they are also [...]