MSNBC reports that Lockheed Martin and United Technologies (UT) are warning the people of Connecticut that the end of the F-22 program will have a severe effect on the state’s economy. UT has just announced cuts to its entire world wide work force with some in Connecticut. Ending the advanced fighter jet would lay off some thousand more. Connecticut is dependent on military spending for a great deal of its advanced manufacturing. Sikorsky which is a part of UT makes UH-60 and CH-53 helicopters there. As with any large production program like the F-22 cuts in quantities or just ending it will have an affect on somebody’s local economy. The money might be spent on another program creating work somewhere else, but Congress is loathe to look at things that way. There are already stories of Virginia fighting for aircraft carrier construction, Maine for destroyers and Alabama for missile defense. This is why it is hard to end a program. To many legislators have a vested interest in keeping them going. The F-22 is a program that seems easy to end as it is near the end of its planned quantity but without the JSF being ready for full rate production there will be a gap with no major aircraft production. There will be places hurt economically due to this and Congress will see the easiest way is to build a few more aircraft. It demonstrates why it is so hard to cancel a program and also to spend the budget effectively.
Matthew Potter works supporting US Army aviation programs. He holds degrees in history as well as studying at the Defense Acquisition University. He has written for Seeking Alpha and at his own website, Defense Procurement News.
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Washington Post -
327 days 5 hours 18 minutes ago
It may not be a happy start to the new year for Lockheed Martin's F-22 Raptor, according to a story this week in the Atlanta Journal-Constitution. Japan has said it won't buy Lockheed's fighter jet because it believes the factory lines in Texas and Georgia could eventually be shut down. Lockheed could see an end to its F-22 production, as the...
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Military & Aerospace Electronics -
113 days 14 hours 6 minutes ago
WASHINGTON, 2 Aug. 2009. The U.S. House of Representatives last week approved an appropriations bill with $636.3 billion for military spending for 2010, and which effectively ends attempts to continue building the Lockheed Martin F-22 Raptor advanced tactical jet fighter
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Military & Aerospace Electronics -
229 days 10 hours 59 minutes ago
I'm quoted today in The Telegraph, the daily newspaper of Nashua, N.H., as an alleged industry expert on military technology matters where the Lockheed Martin F-22 Raptor advanced tactical fighter jet is concerned. Read The Mil & Aero Blog online at www.pennwellblogs.com/mae. Military & Aerospace Electronics Article Categories: Search Products...
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UPI -
161 days 9 hours 18 minutes ago
BETHESDA, Md., June 15 (UPI) -- Lockheed Martin has contracted Hamilton Sundstrand to support an F-22 fighter aircraft logistics program at Hill Air Force Base in Utah. U.S. company Lockheed Martin awarded United Technologies subsidiary Hamilton Sundstrand a three-year contract to support performance-based logistics. Under the $10.5 million...
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Seeking Alpha -
124 days 7 hours 50 minutes ago
I picked up shares of Lockheed Martin LMT at $76 per share Wednesday. Lockheed has dropped from the mid 80’s after reporting a decline in profitability and amidst news that the U.S. government cut funding for the F-22 fighter jet program. I think the nation’s largest defense contractor is very
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