Lockheed Martin Creates Overseas-Focused Unit Amid Export Drive
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Lockheed Martin Corp., the world’s largest defense company, is establishing a unit dedicated to export business as it seeks to offset declining sales at home amid Pentagon spending cuts.
The effort is focused on strengthening existing ties and building new ones, Lockheed Martin President and Chief Executive Officer Marillyn Hewson told reporters in London today. The business will have dual headquarters in London and in the Washington D.C. area.