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Lockheed Martin on the F-22 Vote

I asked Rob Fuller, Lockheed Martin’s chief spokesman for the F-22 jet that it manufactures, what his reaction was to the Senate’s vote to strip funding for the

Jul 31, 2020
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I asked Rob Fuller, Lockheed Martin’s chief spokesman for the F-22 jet that it manufactures, what his reaction was to the Senate’s vote to strip funding for the F-22 from the defense authorization. And since the House’s companion bill has F-22 money in it, will Lockheed lobby to keep the funding in a conference bill? “We will support the U.S. Government’s final decision on the F-22 Program,” Fuller e-mailed.
Pretty noncommittal, as should be expected from a Lockheed employee here. But there’s not much to support the proposition that the F-22 can survive conference. Obama’s veto threat held. Rep. Jack Murtha’s (D-Pa.) prediction that President Obama would compromise didn’t. The Weekly Standard’s Michael Goldfarb quotessome anonymous F-22 advocate recognizing that the prospects for restoring the funding in conference are poor. There shouldn’t be any preliminary end-zone dancing, but since Obama was able to overcome Senate objections to the funding cancellation, it’s hard to see how he would accept a conference bill that had F-22 money in it.
And it makes sense that Lockheed might play a stand-off role. First, it’s the primary contractor for the Joint Strike Fighter, which is Defense Secretary Bob Gates’ preferred alternative to the F-22. Second, given that Gates is proving able to get what he wants out of the defense budget, it doesn’t make any sense to fight a lost cause when there’s so much money still at stake.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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