Marillyn Hewson on innovation
From Extended Interview With Marillyn Hewson The Business Abc News · · Nicholasi Barnes
“I think for a country you know we look at our company for example innovation is the lifeblood of our company we've been a company for over 105 years and if we weren't constantly innovating and investing in in research and development we would not continue to grow and provide the capabilities we need to for a country like Australia innovation is foundational to the economic growth of the country it's what allows businesses to excel to provide capabilities and so I think it's advanced manufacturing innovation constant focus on research and development is very very important.”
On , Marillyn Hewson, Former Chairman, President & Chief Executive Officer at Lockheed Martin, spoke about innovation during Extended Interview With Marillyn Hewson The Business Abc News on Nicholasi Barnes.
About Marillyn Hewson
Marillyn Hewson, former chairman, president, and CEO of Lockheed Martin, announced during a May 2020 investor conference that Jim Taiclet would succeed her as president and CEO on June 15, 2020, with Hewson moving into an executive chairman role. She described the company as "very strong and stable" with a record backlog of approximately $144 billion, and stated that Taiclet, who had served on Lockheed Martin's board for over two years and had a military background, was a good fit for the company's culture. During the same call, Hewson noted that the company had reduced its sales outlook for the F-35 program by about $375 million due to COVID-19-related supply chain disruptions, and that it had accelerated payments to suppliers. In earlier public remarks, Hewson discussed her personal background, including growing up in a family led by a widowed mother and funding her own education at the University of Alabama, where she earned undergraduate and graduate degrees. She frequently spoke about the importance of innovation, citing Lockheed Martin's Skunk Works legacy and programs such as the F-35 and hypersonic technologies. Hewson also emphasized the need for STEM education and diversity in the workforce, stating that "bringing together people with different backgrounds, experiences, and perspectives drives innovation and delivers business results." She described Lockheed Martin as a "national asset" and said she was "humbled" to serve as its first female CEO.