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Contractor Donations Surge 29% in Bid to Block U.S. Defense Cuts

Top U.S. government contractors are ramping up their political giving before the congressional elections, seeking protection from sales-sapping budget cuts.

The 10 biggest contractors, including Lockheed Martin Corp. and Northrop Grumman Corp., boosted political action committee contributions by 29 percent in advance of the 2014 midterm congressional elections compared with 2012, according to Federal Election Commission filings compiled by Bloomberg.