The election of President Trump has been a boon for the Pentagon’s top weapons supplier. Under the Republicans’ proposed budget plan, the defense company would receive a higher spending budget for key programs. The new tax law has also given the company a boost: Lockheed reported its effective tax rate at 14.9% for the first quarter of this year, compared with 23.8% a year ago. Investors have noticed: The company’s market cap is up nearly 25% year over year.
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The competition is supposedly not tied to military uses of the technology.
Lockheed Martin's space RV looks a lot like a camping van.
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The idea that the size of an economy should dictate the size of a military is nonsense.