ARLINGTON, Va., March 15, 2016 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) Chairman, President and Chief Executive Officer Marillyn Hewson shared the Corporation's 2016 business strategy during the annual Media Day event.

In her address, Hewson discussed how the Corporation is reshaping its portfolio to unlock new opportunities and help global customers confront the challenges they face today.

"Cost reductions, improved operational efficiency, and portfolio restructuring have made us a leaner, more agile, and more focused company," said Hewson. "Today, our rebalanced portfolio is stronger, with greater growth potential, higher levels of cross-product synergies, and additional cross-market opportunities. That makes me confident that we're well positioned to succeed and grow in this new competitive environment."

For Hewson's full remarks as delivered, please visit: http://lockheedmartin.com/us/news/speeches/0315-hewson-2016-media-day.html

About Lockheed Martin

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that - with the addition of Sikorsky - employs approximately 126,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

For additional information, visit our website: www.lockheedmartin.com

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