Lockheed Martin plans to expand Milwaukee plant workforce by 15%

Business

FILE PHOTO: The logo of Lockheed Martin is seen at Euronaval, the world naval defence exhibition in Le Bourget near Paris, France, October 23, 2018. REUTERS/Benoit Tessier

(Reuters) – Defense contractor Lockheed Martin Corp (LMT.N) said on Friday it plans to increase the workforce at its Milwaukee facility by more than 15% this year.

The announcement came after President Donald Trump gave a 30-minute speech on trade at the plant run by Derco, a unit of the F-35 fighter jet maker.

Derco, which makes aircraft spare parts, also provides logistics and technical support for fixed-wing planes. (bit.ly/2LPg4Eh)

Trump has campaigned on rebuilding the manufacturing sector to create high-paying American manufacturing jobs, partly by pushing other countries for more favorable terms on trade.

Reporting by Sanjana Shivdas in Bengaluru; Editing by Shounak Dasgupta

Products You May Like

Articles You May Like

YouTuber Catherine Paiz Breaks Silence on Ex Austin McBroom’s Alleged Cheating Scandal
Three alleged Iranian spies appear at Old Bailey
Memorial Day weekend chaos: Boats burn, crash and sink on Colorado River, Lake Havasu
Watch Jensen Ackles, Eric Dane & More in Action-Packed ‘Countdown’ Trailer
8 Best Unscented Lotions For Tattoos in 2025