Lock­heed Martin In­ter­na­tional launched


Lock­heed Martin Corp. has formed a new or­ga­ni­za­tion to unify and ex­pand its in­ter­na­tional busi­ness, fo­cus­ing on global part­ner­ships to strengthen the com­pany’s com­pet­i­tive po­si­tion over­seas.

Pa­trick De­war has been named ex­ec­u­tive vice pres­i­dent of Lock­heed Martin In­ter­na­tional, which uni­fies the Bethes­d­abased com­pany’s global busi­ness un­der one um­brella.

Lock­heed Martin In­ter­na­tional will be man­aged from both an of­fice in Lon­don and an of­fice in Reston.

The new group will have no im­pact on cur­rent U.S.-based op­er­a­tions or op­por­tu­ni­ties, but will bring un­der one um­brella Lock­heed’s ex­ist­ing in­ter­na­tional busi­ness and op­er­a­tions in the 70 coun­tries where it cur­rently does busi­ness. The com­pany has more than 6,000 em­ploy­ees out­side the U.S.

Lock­heed’s in­ter­na­tional sales in 2012 reached about $10 bil­lion and ac­counted for 17 per­cent of over­all rev­enue. The com­pany has pledged to in­crease its in­ter­na­tional busi­ness to 20 per­cent or more of to­tal sales over the next three to five years, re­ly­ing on both di­rect sales to for­eign coun­tries and for­eign mil­i­tary sales, which are han­dled through the Pen­tagon.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.