New Lockheed CEO: Company is preparing for multiple budget scenarios

摘要

The new chief executive of Lockheed Martin said today the company is preparing for a potential defense budget upturn as well as a downturn. Experts have speculated that the coronavirus stimulus packages coupled with potential changes as a result of the election later this year could drive spending down. But Jim Taiclet, speaking during his first earnings call since taking over last month, said he tries "not to speculate on the behavior of people that are going to make independent decisions." "We're just getting the company ready for either scenario really," he said. Taiclet said he's asked executives to look at what a downturn might mean for their programs.