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Gov. Brown approves Lockheed-Boeing tax-credit offer
Gov. Brown approves Lockheed-Boeing tax-credit offer

Gov. Jerry Brown on Thursday put the finishing touch on a deal crafted with lawmakers to give aerospace giant Lockheed Martin Corp. a $420-million tax break if it helps build new stealth bombers in California. Brown signed into law a bill by two Palmdale legislators — Democratic Assemblyman Steve Fox and Republican Sen. Steve Knight — to offer Lockheed and its partner, Boeing Co., an incentive to win a potential $55-billion Air Force contract for a fleet of up to 100 next-generation aircraft. Lockheed said it would hire hundreds of new high-paid workers to do much of the work at the secret government Plant 42 in the high-desert city of Palmdale. "California is open for...

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