Cites Current Economic Conditions, New Security Threats
LONDON, July 14 /PRNewswire/ -- Lockheed Martin Chairman, President and
CEO Bob Stevens said that the case for transatlantic collaboration will
only grow in strength and urgency because of current economic conditions
and new, more complex security threats nations face.
"For that collaboration to reach its full potential, industry plays a
role, and companies on both sides of the Atlantic must be able to
contribute both the technology and the equipment necessary to carry out
essential missions. This requires industry health, which is only possible
with adequate levels of investment kept lean and efficient through an open,
competitive marketplace," said Stevens.
Stevens made his remarks in London Sunday evening at a dinner
associated with the Farnborough Air Show. In his remarks, Stevens noted the
positive trends in today's transatlantic environment. He said he saw a
greater focus on the need for open markets and transparency and the
benefits of competition.
"The [European] Commission's recent work, including the draft directive
on defense procurement, is an encouraging step in this regard," said
Stevens. "But as the Commission's directive is reviewed and ultimately
implemented by the European Parliament and Council, it will be important to
keep the focus on openness and competitiveness."
Stevens said he believes the best way for European governments to
protect European industry is to invest in it. "There is simply no
substitute for real expenditures on tangible programs if European industry
health is to be improved and if further transatlantic cooperation is to be
advanced."
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000
people worldwide and is principally engaged in the research, design,
development, manufacture, integration and sustainment of advanced
technology systems, products and services. The Corporation reported 2007
sales of $41.9 billion.
For the full text of Mr. Stevens' comments, please go to:
http://www.lockheedmartin.com/news/speeches/stevens-07132008.html
SOURCE Lockheed Martin
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Related links:
http://www.lockheedmartin.com
http://www.farnborough.com/intro.aspx
http://www.prnewswire.com/comp/534163.html/
CONTACT:
Jeff Adams of Lockheed Martin,
+1-301-897-6308, jeffery.adams@lmco.com
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