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Lockheed Martin Chief Says Sequestration Would Alter Industrial Base

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It’s unclear how nearly $500 billion in looming defense spending cuts will be implemented and what the exact consequences will be, but there will be changes to the defense industrial base as a result, Bob Stevens, chairman and CEO of Lockheed Martin, said yesterday. The impact of sequestration will be like a “blunt force trauma to the industry and I’m concerned that it will tear the fabric of the supply chain and change the industrial base in a significant way,”…

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