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.