September 26, 2022
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Defense Department spending plunges in Tri-Counties

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What is now known as Lockheed Martin began in 1916, when the Loughead brothers relocated to Santa Barbara from San Francisco and opened an aircraft factory on State Street. Annual U.S. Defense Department spending on government contracts in the Tri-Counties has plunged roughly 50 percent since 2012, according to a Business Times analysis. Spending on…

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