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Panetta Said May Cancel Army's C-27J Transport -Bloomberg

DOW JONES NEWSWIRES U.S. Defense Secretary Leon Panetta on Thursday will make a budget request of $525 billion for 2013 which will include some base closings, Bloomberg Television reported, citing people close to the matter. Cutbacks in both personnel and aircraft are outlined in the budget proposal, with Army troops to be trimmed to 490,000 from 562,000 and Marine Corps numbers to be dropped to 182,000 from 202,000, according to the sources. The Pentagon proposal may also request cancellation of the Army's C-27J transport and the retirement of some C-5 and C-130 transports. Full story at www.bloomberg.com -Dow Jones Newswires; 212-416-2900

Stock News for Lockheed Martin (LMT)
DateTimeHeadline
04/23/201402:57:11Australia to Buy 58 F-35 Joint Strike Fighters
04/22/201417:30:11MARKET SNAPSHOT: U.S. Stocks Gain; S&P 500 Extends Streak To...
04/22/201417:22:59Lockheed Boosts 2014 Profit Guidance, Posts Gains in1st Quarter...
04/22/201414:38:17MARKET SNAPSHOT: U.S. Stocks Rise; Netflix Jumps On Results
04/17/201417:04:26Pentagon Official Criticizes Pratt & Whitney Over F-35 Costs
04/16/201415:01:22Lockheed Martin's F-35 Fighter to Make Overseas Airshow Debut...
03/28/201412:30:42Five Killed in Indian Air Force's Super Hercules Crash
03/26/201415:35:23Efforts to Cut F-35 Costs Hinge on Foreign Partners
03/24/201416:20:06Lockheed Says Overseas F-35 Sales Goal Intact
03/24/201405:09:15Lockheed Martin Says South Korea Selects F-35A Lightning II Aircraft
03/14/201418:00:33Lockheed CEO's Compensation More Than Doubled -- Update
03/14/201416:23:17Lockheed CEO's Compensation More Than Doubled
03/05/201420:34:37Senior Senate Democrats Prod Pentagon To Start Competing Satellite...
03/04/201418:21:28Pentagon Plans to Fund New Sikorsky Helicopter
03/04/201416:17:54Pentagon Eyes Boost for Aircraft, Missile Defense
03/04/201413:01:05As Pentagon Budget Shrinks, Spending Points to Future Priorities
02/28/201418:36:22India Hopes to Regain Top U.S. Aviation Safety Rating
02/21/201418:34:03Sikorsky to Cut 600 Jobs, Secures Turkey Deal
02/19/201417:59:03Germany's Decision to Cancel Eurofighter Jet Order Narrows Field...
02/05/201414:56:10Navy F-35 Set For Sea Trials After Tailhook Redesign

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