Tech, defense giants lobbying for tax break that would save them billions

Tech, defense giants lobbying for tax break that would save them billions

The aerospace and defense contractors Lockheed Martin Corp. and Raytheon Technologies Corp. would save $2 billion each in 2022 if lawmakers agreed to keep the soon-to-expire corporate tax break, according to executives at the two companies. The airplane manufacturer Boeing Co. would save approximately $2.5 billion, according to one estimate. One of Florida’s biggest companies — Brevard County-based defense firm L3Harris Corp. — would save an estimated $550 million. Tech giants like Microsoft Corp. and Intel Corp. would likely reap enormous savings, as well.

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