Lockheed Martin Benefits in Pentagon’s $527 Billion Budget

Lockheed Martin Corp., the world’s No. 1 defense contractor, would benefit from increased spending on its troubled F-35 fighter and Littoral Combat Ship programs as well as orders for additional C-130 transports under the Pentagon’s proposed $526.6 billion budget.

The $3.8 trillion federal budget that President Barack Obama proposed today for the fiscal year beginning Oct. 1 would provide a total of $615 billion for defense with the anticipated addition of $88 billion in war spending, mostly for the conflict in Afghanistan.