WASHINGTON ( TheStreet) -- When the Senate voted to nix the F-22 fighter plane in July, its builders Lockheed Martin (LMT - Get Report) and Boeing (BA - Get Report) weren't the only companies hit. More than 1,000 parts suppliers in more than 44 states were part of the collateral damage."Some of these suppliers could be little mom-and-pop shops that make one particular part that the plane needs," says Brian McDermott, vice president of supplier management for the Aerospace Industries Association in Arlington, Va. "For smaller companies that can't diversify, when those programs get cut, they may have to close their doors."
F-22 Demise Highlights Plight of Small Firms
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.