Largest Defense Contractor Braces For Budget Battle

Dec. 14 (Bloomberg) -- This week's Bloomberg Government's "Capitol Gains" features an exclusive interview with the incoming and outgoing CEOs of Lockheed Martin, the world's biggest defense contractor. Host Peter Cook talks with Lockheed CEO Robert Stevens and his successor Marillyn Hewson on how their company is preparing for the possibility of automatic defense cuts and the new realities of a shrinking defense budget. They also discuss the outlook for the F-35 fighter jet, the Pentagon's most expensive weapons program. (Source: Bloomberg)
AirAsia Returns to Profit on Cheap Oil, Thai Unit
55:58 - AirAsia returned to a profit last quarter with the help of lower fuel expenses and a better performance from its Thai affiliate. Bloomberg's Haslinda Amin takes a look at the numbers on "First Up." (Source: Bloomberg)
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