US Army partners with Global Military Products to surge munitions production
Global Military Products was selected by the US Army to operate the Quad Cities Cartridge Case Facility and ramp up the production of various calibre shell cases.
Lockheed Martin pledges support for supply chain
Lockheed Martin is investing millions of dollars to support small and medium-sized enterprises within their supply chain as well as NGOs working to stem the tide on the COVID-19 coronavirus outbreak.
In a 27 March statement, the company’s CEO and President Marillyn Hewson said: ‘We will do our part to use our know-how, resources and leadership as a company to assist our communities and our country during this period of national crisis.’
Lockheed Martin has created a $50 million fund to allow supply chain partners to continue operating, sustain jobs and contribute to economic stability.
Furthermore, it is donating $10 million to health charities involved with providing relief assistance. This will focus on those helping veterans and military families.
Finally, a $6.5 million relief fund is being set up to help Lockheed Martin employees and retirees whose financial security is negatively impacted by COVID-19.
Hewson is due to stand down from the CEO and president role on 15 June. She will be replaced by James Taicet.
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