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.
(REUTERS)
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