The Texas economy is one of the most robust in the world. Wildly profitable companies and ingenious entrepreneurs call this state home, and what happens here influences businesses around the nation. Here’s a slice of the profits, losses, big deals, and backroom decisions happening across Texas this week.
Debt-Beset Jets Net Regrets
The first fleet of Lockheed Martin’s F-35 fighter jets will be about $1 billion more expensive than anticipated, Bloomberg reported this week. The price tag for the 63 jets, which are being manufactured at the company’s aeronautics plant in Fort Worth, is increasing due to engineering changes, software development, and flight