Lockheed Joins EADS Urging Panetta to Seek Help on Cuts
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Chief executive officers of defense contractors led by Lockheed Martin Corp. and EADS North America went to the Pentagon to urge U.S. Defense Secretary Leon Panetta’s help in averting automatic budget cuts.
Lockheed Chairman and CEO Robert Stevens and his EADS counterpart Sean O’Keefe met with Panetta and his top aides yesterday. Executives from other contractors including General Dynamics Corp. also met with the Pentagon chief, according to a defense official and an industry executive who asked not to be identified discussing the private sessions.