Boeing to lay off hundreds of workers in satellite business
Boeing on Monday said it had started issuing notices for what could be hundreds of layoffs at its satellite business, a move it blamed partly on the stalled reauthorization of the U.S. Export-Import Bank, which supports many of its sales.
Lockheed Martin pays $4.7 million to settle charges on contractThe world's largest defense contractor has agreed to pay $4.7 million to settle charges that it illegally used government money to lobby top federal officials to extend its contract to run one of the country's premier nuclear weapons labs.
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