
Faced with a tight government funding environment domestically and looking to expand its international business, Lockheed Martin [LMT] yesterday said it has formed a new organization to accelerate its global sales. Lockheed Martin will commit additional resources and bring its whole-of-team approach to the new organization, Lockheed Martin International (LMI), Marillyn Hewson, the company’s president and CEO, said on a conference call from London where the new organization will be co-headquartered. Consolidating the company’s international business efforts into one organization…