Maryland to See Portion of $8 Billion Defense Department Spending Spree
New contracts obligated funds prior to year end.
On Dec. 28, 2012, the Department of Defense (DOD) announced $8 billion weapons technology contracts, reported a number of outlets, including NextGov. The contracts were issued as concerns were raised over a $50 billion automatic cut in spending under the sequestration budget rule. Lockheed Martin was awarded the vast majority of the funds in two contracts: Boeing received an $895 million contract for upgrades to the Air Force C-17 III transport aircraft. Facilities in Maryland will see a small portion of some of the contracts as they participate in the construction of components. Five percent of the $753,420,000 contract Lockheed Martin Aeronautics Co received as an “undefinitized modification” to the F-35 Lightning II contract will be …
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10:27 pm on Tuesday, January 8, 2013
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