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Friday, May 09, 2008

Lockheed, Boeing warplanes get boost in US Congress

Big-ticket warplane programs run by Lockheed Martin Corp and Boeing (Co received a boost Wednesday as the 2009 military budget wended its way through Congress.

A House of Representatives Armed Services subcommittee recommended $3.9 billion to buy 15 Boeing C-17 cargo planes, although the Bush administration sought none and the Senate Armed Services Committee did not fund any.

Likewise, the House's Air and Land Forces subcommittee recommended an additional $523 million as a down payment on 20 more Lockheed F-22 fighters in fiscal 2010.

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