Lockheed Martin’s Growth Driver: CEO Daily
Good morning.
U.S.-China tension may be hurting most global companies, but for Lockheed Martin, it’s a reason to grow. “The threats are accelerating, they are getting more complex, and it’s important for us to be investing,” CEO Marillyn Hewson told Fortune’s Most Powerful Women Summit yesterday. “China and Russia are very significant threat countries. They have been investing in their military. We are helping our customer (read: U.S. Government) to be able to stay ahead of that.”
Asked about the President’s 2016 Twitter attack on the company for excessive prices, she said with diplomatic aplomb: “It’s important when you are working with your customer that you are able to align with their method of communication. “
Also on the MPW stage was new Best Buy CEO Corie Barry. Barry got the best (intentional) laugh of the day with this line: “People ask me, ‘What’s the biggest surprise about being CEO?’ For me, it’s been the amount of feedback you get … and how many places you get it.”
More coverage from MPW here.
Also yesterday, Just Capital, funded by hedge fund billionaire Paul Tudor Jones, released its annual survey on what stakeholder measures Americans want companies to prioritize. Top priority: “Pay workers a fair wage based on job level, qualifications, and experience.”
More news below.
Alan Murray
alan.murray@fortune.com
@alansmurray