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Business/Financial

Lockheed Martin Maintaining Close Oversight Of Supply Chain Amid Pandemic

By Cal Biesecker

Tuesday, April 21st, 2020

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Lockheed Martin Maintaining Close Oversight Of Supply Chain Amid Pandemic

Lockheed Martin Chairman, President and CEO Marillyn Hewson. Photo: Lockheed Martin

Supplier challenges stemming from the ongoing COVID-19 pandemic have already hit Lockheed Martin’s [LMT] Aeronautics segment, particularly with regard to the F-35 fighter program, and the company is closely monitoring supplier and government impacts to its business from the virus, company officials said on Tuesday. The company’s supply chain is the area being watched “most closely,” Marillyn Hewson, Lockheed Martin’s chairman, president and CEO, said during a first quarter earnings call. Lockheed Martin trimmed its sales outlook for 2020 by…

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