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The U.S. Marine Corps version of Lockheed Martin’s F-35 Joint Strike Fighter.
The U.S. Marine Corps version of Lockheed Martin’s F-35 Joint Strike Fighter.
(REUTERS)

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Never mind Congress, Lockheed needs to get its own house in order

Sequestration, shmequestration. Lockheed Martin on Thursday gave its forecasts for 2013. The biggest single supplier to the U.S. Defence Department gave projections on the assumption that across-the-board cuts in federal spending will not happen. As part of the early 2013 deal to avert the fiscal cliff, lawmakers delayed this so-called sequestration. But unless the warring factions of Congress compromise on a budget, the automatic belt tightening will hit in early March.