March 16, 2007

Pentagon worries about aircraft, vehicle industry

WASHINGTON (Reuters) - Declining spending on military programs could lead to a consolidation in the U.S. fixed wing aircraft industrial base in the future, according to a new Pentagon report delivered to Congress this week,

It said Lockheed Martin Corp and Sikorsky Aircraft, a unit of United Technologies Corp had programs that would carry production into the next 20 years, but Boeing Co.'s future outlook was "more problematic."

"Boeing's future in the fighter/attack and transport segments is questionable," said the report, which is prepared annually by the Pentagon on the defense industrial base.

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