Lockheed COO Frank St. John speaks to Breaking Defense on supply chain and budget challenges
Lockheed Martin's COO Frank St. John spoke to Breaking Defense about the company's strategic focus on industrial base resiliency postpandemic. Key initiatives include a partnership with General Dynamics for solid rocket motor production. St. John highlights ongoing international coproduction agreements and addresses potential challenges posed by continuing resolutions in the defense budget due to the upcoming presidential election.
While the supply chain has stabilized, vulnerabilities persist in raw materials and labor, impacting growth. Lockheed is actively seeking alternate suppliers, including small businesses, to mitigate these challenges. St. John notes that larger first-tier suppliers pose significant challenges in overcoming labor issues and maintaining product quality. The company expects a flat or declining real purchasing power due to inflation but remains optimistic about potential program dollar increases.
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