Lockheed Martin

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Analyst: Trump’s idea for F-35 would be ‘a disaster for the U.S.’

WASHINGTON — While President-elect Donald Trump is unhappy about the cost of Lockheed Martin’s F-35, replacing it with a cheaper jet would face serious problems, defense analysts and Connecticut’s lawmakers say. Loren Thompson, a defense analyst with the Lexington Institute, called Trump’s idea “a disaster for the United States” that would hurt the nation’s military strength. Continue Reading →

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Clinton out-raises Trump in CT defense-industry campaign cash

WASHINGTON — Following a national trend, Connecticut’s defense workers and their bosses overwhelmingly gave to the campaign of Hillary Clinton while slighting that of Donald Trump. According to a Connecticut Mirror analysis, as of the end of August, the Clinton campaign raised more than $56,000 from individuals who work for the state’s defense industry, while the Trump campaign raised only $3,094. Continue Reading →

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Sikorsky incentives win bipartisan approval in special session

Connecticut legislators took a one-day break from re-election campaigns Wednesday to give bipartisan blessing to a $220 million incentive deal for Lockheed Martin that would keep its Sikorsky Aircraft subsidiary and production of its next generation of helicopters in a state desperate to grow its storied aerospace industry. Continue Reading →

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As Sikorsky proves in CT, states will pay for aerospace jobs

In the world of megadeals that states craft to attract and keep employers, the $220 million in incentives that the Connecticut General Assembly is expected to approve Wednesday for Lockheed Martin to produce Sikorsky’s new helicopter line in Stratford doesn’t crack the top 75 — nor is it the biggest subsidy ever obtained by Lockheed. Continue Reading →

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CT beat out S.C., Florida, others for billions in helicopter work

WASHINGTON — Lockheed Martin was considering South Carolina, Florida and other states as places to build Sikorsky’s new CH-53K King Stallion helicopter – a Defense Department program expected to cost at least $25 billion – when the company and Gov. Dannel P. Malloy struck a deal to keep the work in Connecticut. Continue Reading →

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Lockheed puts big number on cost of business in Connecticut

Legislators say a senior Lockheed Martin official told them in private meetings Monday that $200 million in incentives the company wants for its Sikorsky Aircraft subsidiary are needed to help offset the $400 million more it would cost to produce CH-53K helicopters in Connecticut in coming years rather than in competing states. Continue Reading →

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GOP: Deal to keep Sikorsky in Connecticut is good and bad news

Most Republican legislators are expected Wednesday to support the Sikorsky Aircraft incentives deal negotiated by Gov. Dannel P. Malloy as a smart investment, while simultaneously arguing that the deal is necessary because of a high cost of doing business in Connecticut that they blame on the legislature’s Democratic majority.
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