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Defense Industry Welcomes End To Most Pentagon Furloughs

Several defense companies have stepped back from extensive furloughs of their own workforce following the Pentagon’s decision to recall civilian employees, but warned on Monday that a prolonged government shutdown could force them to proceed with the plans. Defense giant Lockheed Martin [LMT] said it will furlough fewer employees than originally envisioned, but said others will still be told to stay home because of government-issued stop work orders on programs and limited access to government facilities. Rival Boeing [BA] said…

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Contract Updates

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