Lockheed Martin Corp today received Defense Department contracts worth as much as $5.6 billion for 31 additional F-35 jets and the last two of six advanced military communications satellites, the Pentagon said.The contracts will be immune from the automatic budget cuts known as sequestration taking effect in 2013 if Congress and the White House can’t negotiate an agreement to prevent more than $600 billion in tax increases and the spending reductions.
Pentagon officials have said that most contracts awarded before the start of 2013 wouldn’t be reduced.
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