3) As a major defense contractor, Lockheed is heavily reliant on the U.S Governm

Question

3) As a major defense contractor, Lockheed is heavily reliant on the U.S Government as a primary customer. To reduce this reliance and support future growth, how do you recommend Lockheed diversify and/or internationalize going forward? 3) As a major defense contractor, Lockheed is heavily reliant on the U.S Government as a primary customer. To reduce this reliance and support future growth, how do you recommend Lockheed diversify and/or internationalize going forward? 3) As a major defense contractor, Lockheed is heavily reliant on the U.S Government as a primary customer. To reduce this reliance and support future growth, how do you recommend Lockheed diversify and/or internationalize going forward?

Explanation / Answer

Lockheed is driven by its innovation and high technology solutions and can diversify and spearhead to nondefense sectors such as air traffic management , energy management, intelligence, logistics, training , data analysis and cyber-security. Lockheed can tap international markets like Asia region and position them globally. Since the demand of the security systems is on rise globally, Lockheed can do good business by its customised solutions. The piling of conflict in the middle east and Asia region , terrorist activities in Europe the demand of security systems has seen growth acutely. The defense budgets are inflated and buying of weapons, military aids are exponentially on rise to strengthen their military capabilities. The nations from these regions are looking for the establishment of weapons manufacturing facilities, security solutions and infrastructure for their citizens and development of local industry. Lockheed can integrate their technology with business strategy and focused on current customers’ requirements and in the future like Hypersonics for rapid response times from the far off mobile threats since they are already have in depth knowledge of propulsion technologies and special materials for this.

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