Marillyn Hewson: Lockheed Eyes 20% Mark for Int’l Sales

Lockheed Martin CEO Marillyn Hewson has described her company’s investments in emerging products and technologies that aim to help clients address affordability requirements in an interview with Defense News published Sunday.

She also outlined Lockheed’s push to expand its business worldwide in the Q&A with Defense News Editor Vago Muradian.

“We are driving to grow our international business. It is now 18 percent of our sales and we are driving to get that to over 20 percent in the next few years,” Hewson told Defense News.

Hewson said the company has also raised its research and development spending for the third consecutive year in 2014, according to the report.

“We also have cooperative research and development activities with customers, with universities and with a range of labs and others,” she told the publication.

Lockheed plans to pump $170 million into the F-35A Blueprint for Affordability in order to drive down the cost per aircraft in collaboration with the U.S. government, Hewson told Defense News.