REUTERS SUMMIT-Lockheed braces for cuts, delays ahead of U.S. budget cuts

(For other news from Reuters Aerospace and Defense Summit, click on http://www.reuters.com/summit/Aero13) WASHINGTON, Sept 3 (Reuters) – Lockheed Martin Corp is bracing for cuts and delays next year in major weapons programs, including a new coastal warship it builds for the U.S. Navy, unless Congress acts to reverse mandatory budget cuts in U.S. military spending, a top company official said …

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