Lockheed Martin's Defense Contracts Exceed $12B in '98
Kutner, Joshua A., National Defense
For the fourth year in a row, Lockheed Martin Corporation,based in Bethesda, Maryland, received the most dollars in contract awards from the Defense Department.
The company in Fiscal Year 1998 received $12.3 billion in contracts compared to $11.6 billion the previous year. The Pentagons prime contract awards in Fiscal Year 1998 totaled $118.1 billion, $1.4 billion more than Fiscal Year 1997.
Lockheed Martin's slice of the pie was distributed throughout 26 divisions and subsidiaries-taking up approximately 10 percent of the Pentagon's total spending.
The Boeing Company, Seattle, and Raytheon Corporation, headquartered in Lexington, Massachusetts, finished in …
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Publication information: Article title: Lockheed Martin's Defense Contracts Exceed $12B in '98. Contributors: Kutner, Joshua A. - Author. Magazine title: National Defense. Volume: 83. Issue: 547 Publication date: April 1999. Page number: 14. © 2009 National Defense Industrial Association. Provided by ProQuest LLC. All Rights Reserved.
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