Lockheed Martin appoints new chief executive for Australia and New Zealand
Jeremy King previously served the Australian Defence Force for more than 30 years and has led major capability programs such as the MRH-90 and Chinook project.
Jeremy King previously served the Australian Defence Force for more than 30 years and has led major capability programs such as the MRH-90 and Chinook project.
"Clearly, the reason this is happening is because the existing organizational structure is showing deficiencies in terms of delivering key defense projects on time and on budget," Malcolm Davis of the Australian Strategic Policy Institute says.
“It’s a critical time right now that Australian industry has actually got a hand up to say, 'Hey, we’re here to help,'" a Lockheed executive said.
Australia also said it will spend $150 million AUD over the next five years to acquire an initial tranche of the PrSM system and munitions.
"The next priority for production is Europe," Lockheed's Tim Cahill told reporters. "I would say the Middle East is the next area of direct priority and interest, both on the part of the countries and the part for us to produce."
"Producing GMLRS missiles in Australia is the stepping stone towards local production of more advanced, longer-range strike weapons in the future – local production that is essential to our sovereignty and our security," Minister of Defense Industry Pat Conroy said.
"Having a manufacturing complex in Australia will enable production of solid rocket motors for ourselves, firstly and then ultimately, from an export perspective, to our allies and partners around the world. And there is, at the moment, an inability to meet that demand," David Goodrich, Anduril Australia CEO, told Breaking Defense.
Australian Defense Minister Marles said "we really do need to be trying to build a seamless industrial base between the United States" and Australia.
"Lockheed Martin will deliver and transfer to Australia the same level of technology and development and advanced programs and systems that we have in our factories in United States," Pat Sunderlin, VP of operations for Lockheed Martin Missiles and Fire Control, said.