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California lawmakers weigh tax credit for bomber program
California lawmakers weigh tax credit for bomber program

A bitter fight has broken out between aerospace industry behemoths over fast-tracked legislation that could provide one company with an upper hand in an upcoming $55-billion competition to build a fleet of next-generation stealth bombers. On one side is Northrop Grumman Corp., which built 21 bat-winged B-2 bombers in Palmdale two decades ago. On the other is a team of Boeing Co. and Lockheed Martin Corp., the nation's two biggest military contractors. At issue is whether favoritism is at work in a bill in the California Legislature that calls for a $420-million tax credit over 15 years for a subcontracting company that builds at least 35% of "a new advanced strategic aircraft...

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