CRYSTAL CITY, Va: As the Defense Department continues to pressure companies to share the load in this time of shrinking budgets, Lockheed CEO Marilyn Hewson told reporters today her company will boost internal research and development spending 5 percent from its current level of $700 million. “We continue to invest in our porfolio because we […]
WASHINGTON: When Bob Stevens, CEO of Lockheed Martin, delivered his now annual speech before the Farnborough or Paris air show, he didn’t talk much about international sales or the Joint Strike Fighter or the military threats America faces. Instead, Stevens talked mostly about the mandatory budget cuts known as sequestration and the “fog of uncertainty” […]
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