As President Biden releases a new federal budget framework, we examine the potential ramifications for defense contractors, particularly Lockheed Martin and...
Lockheed Martin employs more than 18,000 people at the joint strike fighter production facility in Fort Worth. The Defense Department is pressing for faster technology upgrades.
Fort Worth Democratic Rep. Marc Veasey said he’ll fight to fund the program, and began lobbying the White House even before the budget was released. Fort Worth Rep. Kay Granger, the ranking Republican on the House Appropriations Committee, also is set to defend the F-35, saying the program is more critical than ever for national security.
During their Monday budget briefings, top Pentagon officials repeatedly tied the cuts in F-35 numbers to a desire to see those technology upgrades in place. The administration’s budget proposal serves as a key starting point for Congress’ annual spending bills, but ultimately lawmakers have the final say. There is a long history of the executive branch proposing cuts to weapons systems only to see them restored by members of Congress who are focused on jobs for their constituents.
Veasey said in a statement earlier Monday that he was disappointed the administration proposed to cut F-35 numbers.
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