Lockheed's Marillyn Hewson: Tariff Measure Seeks to Protect US Intellectual Property

Lockheed's Marillyn Hewson: Tariff Measure Seeks to Protect US Intellectual Property - top government contractors - best government contracting event
Marillyn Hewson

Lockheed Martin CEO Marillyn Hewson has approved of President Donald Trump's move to sign an executive memorandum that would impose tariffs on certain products in response to China's unfair trade practices, CNBC reported Thursday.

Trump proposed to implement additional 25 percent tariffs that could potentially impact Chinese imports worth approximately $60 billion.

“This is a very important moment for our country, in that we are addressing a critical area for the aerospace and defense industry and that is protecting our intellectual property,” Hewson, a 2018 Wash100 recipient, said during the signing of the presidential memo Thursday.

The report noted that Chinese hackers were reportedly behind the cyber breach in 2009 that compromised the electronics and design data of the Lockheed-built F-35 fighter jet.

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