Lock­heed, Boe­ing may be big win­ners

New Straits Times - - Business -

WASH­ING­TON: Nearly half of the United States Pres­i­dent Don­ald Trump’s US$30 bil­lion (RM133.2 bil­lion) sup­ple­men­tal de­fence bud­get pro­posal for this year would go to­wards buy­ing and mod­ernising war­planes, war­ships and mis­siles.

Al­though Congress must ap­prove the US$13.5 bil­lion re­quest, Boe­ing Co would be one of the big­gest ben­e­fi­cia­ries of the pro­posal, which in­cluded US$2.4 bil­lion for 24 F/A-18 E/F Su­per Hor­net jet fight­ers.

Lock­heed Martin is also one of the big win­ners in the ad­min­is­tra­tion’s pro­posal. In a tweet on De­cem­ber 22, Trump had sug­gested buy­ing more Boe­ing F/A18s, which he called “com­pa­ra­ble” to the Lock­heed Martin F-35.

Pen­tagon of­fi­cials said the re­quest for ad­di­tional 2017 funds would help ac­cel­er­ate planned ac­qui­si­tions of F-35 Joint Strike Fight­ers. Reuters

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