By a News Reporter-Staff News Editor at Defense & Aerospace Week -- - Lockheed Martin (NYSE: LMT) announces a refocusing of their Training and Logistics Systems (TLS) business at today's Interservice/Industry Training, Simulation and Education Conference (I/ITSEC) at the Orange County Convention Center in Orlando, Florida.
Lockheed Martin is leveraging core components of the most advanced and proven solutions across its training and logistics portfolio to drive scalable capabilities to the market. By deriving solutions from a core repository of highly complex technical data that sets a baseline for training and logistics products, Lockheed Martin will increase efficiency and save millions of dollars in engineering, development and proposal costs, which will allow the company to provide more predictable performance for customers while becoming more cost-competitive.
"We are restructuring our approach to better leverage internal resources to bring greater innovation and affordability to the market," said Dave Scott, vice president of Business Development for Lockheed Martin Training and Logistics Solutions. "We continuously analyze our operations to ensure we are positioned to deliver the most reliable, sustainable and affordable solutions to our customers."
Keywords for this news article include: Lockheed Martin, Aerospace and Defense Companies.
Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2016, NewsRx LLC
(c) 2016 NewsRx LLC, source Science Newsletters