Lockheed Martin CEO Robert Stevens looks for more acquisitions in cyber security, energy security, logistics support and intelligence surveillance in the upcoming year.
At the Reuters Aerospace and Defense Summit Stevens discussed future moves of the company in the new fiscal year.
“When we look to the future of cyber security, we are all just scratching the surface of the demands that will be placed on all of us to secure the databases, the networks, the information technology environment that we have, ” said Stevens.
In addition to the newly explored fields Lockheed Martin will still be heavily pursuing healthcare IT and healthcare contracts.
“We understand large database management, we understand the security in databases, whether that’s personal privacy protection or whether it’s classified information protection … so we’ll continue to explore that horizon, ” said Stevens.
The area of energy security is newly developing and Lockheed Martin is expecting to be a player in this arena. In light of the current summits in Copenhagen and demands from world leaders, Stevens matches the world need for services with their “huge repository of experience and knowledge about energy management systems.”
Energy security acquisitions and contracts have a supplier range anywhere from 8-14 times earnings before interest, taxes, depreciation and amortization, with higher multi-conglomerates likely to earn the highest margin.