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Lockheed Martin announces reorganisation of US facilities

14th November 2013 - 15:33 GMT | by Joyce de Thouars in London

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Lockheed Martin has announced closure and consolidation of its US facilities in response to a continuing decline in US defence spending. 

 

The move follows a strategic review of the company’s current facility capacity and future workload projections as part of a continuing affordability initiative. 

 

‘Today our customers face an increasingly complex global security environment with rapidly shrinking budgets. Now more than ever, they are expecting us to help them stay ahead of the threats by delivering innovative products and systems at the most affordable cost,’ said Marilyn Hewson, CEO and president of Lockheed Martin, in a staff

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Joyce de Thouars

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Joyce de Thouars


Joyce holds a MA degree in Middle Eastern Studies from King’s College London. Before she …

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