Lockheed Martin is looking to increase its global business activities, with a new organisation to be responsible for pursuing further sales beyond the USA.

Announcing the formation of Lockheed Martin International (LMI) in London on 1 July, Lockheed chief executive Marillyn Hewson said the entity "will be responsible for strengthening our global partnerships and investing in news ones to ensure we continue to meet our global customers' diverse national security and economic development needs." The company, which today has around 6,000 employees outside the USA, already has in-country relationships in place in more than 70 nations, and annual exports worth around $8 billion, she adds.

Led by executive vice-president Pat Dewar, LMI will aim to grow Lockheed's international sales activities from 17% of annual revenue to 20% "over the next few years," Hewson says. The new organisation will be jointly headquartered in London and Washington, DC, and also have corporate and regional offices in Australia, Canada, India, Israel, Japan, Saudi Arabia, Singapore, South Korea and the United Arab Emirates.

Hewson says Lockheed Martin UK is the company's largest current international unit, with over 2,000 staff, and adds that 400 new jobs will be created in the country this year.

Source: FlightGlobal.com