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Lockheed Martin Corp anticipates more defense assets to come up for sale in the light of budget pressures and the evolving security environment, Chief Executive Officer Robert Stevens said today.
Speaking at the Reuters Aerospace and Defense Summit in Washington, D.C, Stevens said Lockheed Martin has the funds needed to make acquisitions in areas such as cybersecurity. However, the defense contractor said it would be “selective” in bidding for assets.
Stevens said the company has no intentions of going into the shipbuilding business. It also has no interest in the Northrop Grumman’s naval division recently put up for sale, he added.
