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Business/Financial

NATO Member Defense Spending Targets Could Mean $100 Billion In New Opportunities, Hewson Says

By Cal Biesecker

Tuesday, March 21st, 2017

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NATO Member Defense Spending Targets Could Mean $100 Billion In New Opportunities, Hewson Says

Lockheed Martin Chairman, President and CEO Marillyn Hewson speaking at the company's annual media day on March 21. Photo: Lockheed Martin

If members of NATO achieve their pledges to achieve defense spending levels that reflect the size of their respective economies, that could mean as much as $100 billion annually in additional defense spending, Lockheed Martin’s [LMT] top executive said on Tuesday.“In fact, if NATO members fulfill their already stated pledges to spend 2 percent of their GDP on defense, if could result in a $100 billion increase in spending across the alliance,” Marillyn Hewson, chairman, president and CEO, of Lockheed…

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