Lockheed Martin CEO Robert Stevens says despite cost cutting, the defense industry will survive based on new global security needs and adds that Lockheed’s portfolio is well positioned for change.
He’s been head of NASA, the Navy, and Louisiana State University and spent practically his whole professional life in either government or academia.
Goodrich Corp. Chief Financial Officer Scott Kuechle recalls when he first started at the company about 25 years ago the firm was mainly in tires, commodity chemicals and industrial products. Aerospace defense was a “very small” component buried in its industrial business.
On the surface, it would appear that a fighter pilot would have little interest in a remotely piloted aircraft, which more and more are being used in wars for reconnaissance and firing missiles.
President Barack Obama was quite blunt earlier this year about a new fleet of presidential helicopters being built by Lockheed Martin Corp., citing it as an example of the procurement process “gone amok.”