Lockheed Martin

Aerospace
NYSE: LMT
USA

"United Against Nuclear Iran (UANI) applauded global business leader Lockheed Martin for announcing that it will not pursue business opportunities in Iran. Following press reports that the company was exploring the possibility of selling commercial helicopters to Iran, UANI CEO Ambassador Mark D. Wallace wrote a letter to Marillyn A. Hewson Chairman, President, and Chief Executive Officer of Lockheed Martin Corporation, urging the company to reconsider its reported engagement with the Iranian market. The company responded to UANI, clarifying Lockheed Martin’s position that consistent with U.S. Government policy, the company would not be pursuing business opportunities in Iran." (UANI Press Release, "United Against Nuclear Iran Applauds Lockheed Martin Decision to Forego Business in Iran," 8/4/2016).

--

"Global defense technology giant Lockheed Martin says it will not look to capitalize on the Iranian market, despite reports saying it was exploring the possibility of selling helicopters. The company, which is headquartered in Bethesda, Maryland, released a brief statement regarding Iranian sales in June. 'Consistent with U.S. Government policy, Lockheed Martin is not pursuing business opportunities in Iran.' Reuters reported in June the company was seeking guidance from the U.S. government when it considered selling commercial helicopters through Sikorsky, which Lockheed Martin purchased in 2015." (WaayTV, "Lockheed Martin: 'Not pursuing business opportunities in Iran,'" 7/5/2016).

--

“Lockheed Martin Corp, the largest U.S. arms maker and parent of Sikorsky, has begun to study the possibility of selling commercial helicopters to Iran, but said the market may be small and the company still needed guidance from the U.S. government. Lockheed, along with Boeing Co , is one of the first major U.S. aerospace companies looking into selling to Iran for the first time since U.S. sanctions were imposed following Iran's Islamic Revolution of 1979. European aircraft manufacturers already are starting to get orders from Iran after sanctions were lifted on Jan. 16. Nathalie Previte, vice-president of sales and marketing for Sikorsky, said the company had received numerous inquiries from existing customers, including leasing companies and operators, interested in possible helicopter operations in Iran.Sikorsky's S-76 and longer-range S-92 commercial helicopters could be options for Iran, Previte said, although she added that the country has little of the offshore drilling activity that drives helicopter demand in the oil and gas sector. ‘I want to understand the U.S. government’s policy about what can be done and what can we not do, and really clear everything with the U.S. government even before we start completing the analysis,’ Previte told Reuters at the Berlin Air Show. Previte's comments marked the first time Lockheed has acknowledged looking into possible sales to Iran.” (Reuters, “Lockheed taking cautious look at Iran helicopter market,” 6/4/2016)