Contractors Demand Full-Fledged Defense Budget

Law360, New York (February 8, 2011, 1:27 PM EST) -- Executives from top defense contractors including Lockheed Martin Corp. and The Boeing Co. are calling on Congress to deliver a defense appropriations bill for fiscal year 2011, saying short-term budget measures are putting vital security programs at risk.

The 14 defense contractor CEOs sent a letter Monday to House Speaker John Boehner, R-Ohio, and Senate Majority Leader Harry Reid, D-Nev., urging them to pass a full-year FY 2011 budget for the U.S. Department of Defense or else face potential funding shortfalls that could leave some of...
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