Wednesday, January 11, 2006

U.S. Army Set to Cancel Lockheed Spy Plane Project

A Reuters newswire article, via MSNBC, reports that:

The Army is set to cancel a spy plane project worth up to $8 billion with Lockheed Martin Corp. due to budget issues and development problems, according to a story on the Wall Street Journal Web site Wednesday.

Citing unnamed industry and government sources, the story said the Army may announce that it would end the program as soon as Thursday.

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