Political Capital

Posts tagged: lockheed martin

Bruce Tanner, Executive Vice President and CFO of Lockheed Martin, Gala Hosts
George Vradenburg, Board Chairman Linda Lichtenberg Kaplan, Phillips Trustee and Gala Honoree Dorothy Kosinski, Director of The Phillips Collection
Reed Krakoff, Fashion designer and Gala Honoree.

Photograph by Pepe Gomez

Bruce Tanner, Executive Vice President and CFO of Lockheed Martin, Gala Hosts George Vradenburg, Board Chairman Linda Lichtenberg Kaplan, Phillips Trustee and Gala Honoree Dorothy Kosinski, Director of The Phillips Collection Reed Krakoff, Fashion designer and Gala Honoree.

Reed Krakoff: ‘Only in Washington’

Sen. Mark Warner wasn’t in black tie for Friday night’s ultra-chic Phillips Collection gala. Yet the Virginia Democrat had the most Washingtonian of all excuses: Fundraising. Warner explained that he’d been up and down the East Coast at events for...

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An AIM-120 Advanced Medium Range Air-to-Air Missile manufactured by Raytheon Co., is seen on a Lockheed Martin Corp. F-16D Fighting Falcon aircraft, during the Singapore Airshow in Singapore on Feb. 12, 2014.

Photograph by Brent Lewin/Bloomberg

An AIM-120 Advanced Medium Range Air-to-Air Missile manufactured by Raytheon Co., is seen on a Lockheed Martin Corp. F-16D Fighting Falcon aircraft, during the Singapore Airshow in Singapore on Feb. 12, 2014.

Defense Companies Play Offense in 2014 Elections

Government contractors are putting their money where their mouths are. The top 10 contractors, as compiled by Bloomberg Government, have increased their political action committee spending by 29 percent for the 2014 congressional elections, compared with their donations for the 2012 races....

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Northrop Grumman Corp.'s Longbow Apache helicopter.

Source: Northrop Grumman Corp. via Bloomberg

Northrop Grumman Corp.'s Longbow Apache helicopter.

Defense Contractors Lead $87 Million Lobbying by Top 10 in 2013

Lobbying spending by the 10 biggest U.S. contractors increased by just 2 percent last year over the previous 12 months as they faced a new round of across-the-board spending cuts and a partial government shutdown. The companies, including Northrop Grumman Corp. and...

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The A-3 tower was designed to test a GenCorp Inc. engine for a rocket program canceled in 2010.

Photograph by NASA via Bloomberg

The A-3 tower was designed to test a GenCorp Inc. engine for a rocket program canceled in 2010.

Congress Serving Pork — Not ‘Rocket Science’

When Congress agreed with President Barack Obama in 2010 and shut down the Constellation program to send astronauts to the moon and beyond, it did so with one condition: NASA finishes construction of a tower to test an engine for...

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A Boeing Co. 747-8 aircraft during the Seoul International Aerospace & Defense Exhibition 2013 in South Korea.

Photograph by SeongJoon Cho/Bloomberg

A Boeing Co. 747-8 aircraft during the Seoul International Aerospace & Defense Exhibition 2013 in South Korea.

Contractors Who Opposed Shutdown Give to Lawmakers Who Prolonged It

Political action committees of the 10 biggest federal contractors, including Lockheed Martin Corp. and Boeing Co., contributed to more than 60 percent of House Republicans even after they opposed ending a government shutdown that caused “serious disruptions” in the companies’...

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Sailors salute during the commissioning ceremony for the USS Freedom littoral combat ship (LCS-1) at Veterans Park in Milwaukee, Wisconsin.

Photograph by Mass Communication Specialist 2nd Class Katherine Boeder/U.S. Navy via Bloomberg News

Sailors salute during the commissioning ceremony for the USS Freedom littoral combat ship (LCS-1) at Veterans Park in Milwaukee, Wisconsin.

#LCSMilwaukee: Little Criticized Ship

The Navy’s Littoral Combat Ship, whose initials have invited variations on the often-criticized craft’s acronym, is still the little ship that can in the eyes of its makers. This celebrated launch is the latest sign that Lockheed Martin and allies...

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A model of a F-16 fighter jet, manufactured by Lockheed Martin Corp., during the 13th Dubai Airshow at Dubai World Central on Nov. 18, 2013.

Photograph by Duncan Chard/Bloomberg

A model of a F-16 fighter jet, manufactured by Lockheed Martin Corp., during the 13th Dubai Airshow at Dubai World Central on Nov. 18, 2013.

Aerospace Industry Decries ‘Excessive Pursuit of Fiscal Austerity”

The defense aerospace industry, which includes contracting giants Lockheed Martin and Northrop Grumman, has been a strong financial supporter of congressional Republicans, allotting 63 percent of their campaign donations this year to the party’s candidates and committees. The Republicans’ insistence...

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A migrant worker in Finchville, Kentucky.

Photograph by Luke Sharrett/Getty Images

A migrant worker in Finchville, Kentucky.

Obama to CEOs: Immigration Adds $850 Bln to Balance, $1.4 Tln GDP

President Barack Obama, who is asking Congress to finish work on a revision of immigration laws this year, is huddling today with the leaders of major companies that have an interest in the cause. The invited included manufacturers and financiers...

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A Lockheed Martin Corp. F-35 Lightning outside the company's stand during the Farnborough International Air Show.

Photograph by Chris Ratcliffe/Bloomberg

A Lockheed Martin Corp. F-35 Lightning outside the company's stand during the Farnborough International Air Show.

Was Lockheed Martin a Boy Scout?

The companies most affected by the government shutdown weren’t much affected at all. They simply followed the old Boy Scout motto: “Be prepared.” The biggest U.S. federal contractors reported third-quarter earnings this week that showed little harm to their profits,...

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