Lockheed eyes cost cuts, reputation in satellite business

April 16, 2015 5:33 PM

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Lockheed eyes cost cuts, reputation in satellite business

COLORADO SPRINGS, Colo. (Reuters) - Lockheed Martin Corp (LMT.N) has long dominated the U.S. military space market, but it is fighting harder than ever to cut costs, become more innovative, and shed a reputation for arrogance, Mark Valerio, the head of its military satellite unit, said in an interview.

Lockheed, the Pentagon's No. 1 supplier, interviewed 60 officials at the Pentagon, Air Force Space Command and the Air Force's Space and Missiles Systems Center late last year as part of a broader drive to improve its relationships with the U.S. government, Valerio said.

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