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Space Force Will Be a Cash Cow for LMT

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Earlier this year when POTUS formally announced he wanted to have Congress purse creating a whole new military branch called the United States Space Force (USSF), an easy and very obvious call was that Lockheed Martin (LMT) would benefit.

Confirmation of said money train has shown up in a recent article by CNBC which reports that an internal US Air Force document from Sept. 14 (CNBC says obtained by Associated Press) indicates an initial Space Force budget of $12.9B during it’s first five years.

“The estimate is made in a memo written by Air Force Secretary Heather Wilson.” [1]

LMT is all over the board when it comes to space tech and space-related government contracts, with fingers in many pies.  Intuitively, we all know government estimates can generally be way off, so the $12.9B looks like seed money to me… there will be lots more coming from that money-tree if/when Congress approves the new branch.

[1] – https://www.cnbc.com/2018/09/17/air-force-space-force-would-cost-13-billion-over-5-years.html

[2] – https://en.wikipedia.org/wiki/United_States_Space_Force

[3] – Pic: https://flic.kr/p/21nsNMY (public domain)