Lockheed Martin girds for battle  November 29, 2011: 5:00 AM ET
After the debt supercommittee's failure, defense contractors are
preparing for turbulent times. Can Lockheed save the F-35 Joint
Strike Fighter?  By Marc Gunther, contributor  FORTUNE --
Perilous times await Lockheed Martin, the world's largest
military contractor. Wars in Iraq and Afghanistan are winding
down. Because the congressional supercommittee failed to agree
on a plan to curb the federal deficit, the Pentagon faces
spending reductions that could add up to about $1 trillion over
the next decade. One likely target: Lockheed's controversial
F-35 Joint Strike Fighter, the most expensive weapons program in
history.  Robert J. "Bob" Stevens, Lockheed's CEO, can't be
happy about any of this, but the 59-year-old ex-Marine is not
the complaining type. A tall, trim, bespectacled man of sober
mien who chooses his words carefully, Stevens will say only that
important decisions about national security should not be "a
function of automatic budget tr