Lockheed Martin CEO Highlights 'Golden Opportunity' in Defense Sector Amid Political and Budget Shifts
Lockheed Martin CEO Jim Taiclet described the current political and budget environment as a 'golden opportunity' for the defense contractor, citing increased Pentagon spending and a Trump administration's $1.5 trillion defense budget request. The company is also shifting toward a more commercial-like business model with the Pentagon, which includes a 'recovery element' in contracts.
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Topics: CEO statements defense industry defense spending government contracts M&A