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U.S. Budget

Lockheed Martin, located in Bethesda, is the U.S. government's largest defense contractor. In 2010, it grossed $45,189.0 million in revenue and ranked 44 on the Fortune 500 ranks, according to CNNMoney.com.

Lockheed Martin Cutting 4,000 Jobs, Closing Plants

Lockheed Martin is cutting 4,000 jobs, about 3.5 percent of its workforce, as the defense contractor continues to look for ways to lower costs amid reduced government spending.

11/14/2013