As suppliers to big companies all over the globe it is interesting to watch their corporate maneuverings. Today’s announcement of Lockheed Martin Energy is no different. The number one question that we and every other small business out there who supplies Lockheed Martin has to ask ourselves is, “How does this impact us?”
Lockheed Martin Energy Announcement
“BETHESDA, Md., March 15, 2016 – Lockheed Martin (NYSE: LMT) has combined its energy products and technologies into a single commercial line of business to be known as Lockheed Martin Energy.
“For decades, we have been investing in smart, natural and safe energy technologies,” said Frank Armijo, the newly appointed vice president of Lockheed Martin Energy. “With our broad energy capabilities now under a single organization, we’ll focus our business growth strategy, enhance collaboration, advance new technology – and ultimately build Lockheed Martin Energy into a true leader in the expanding energy market.”
Armijo previously served in various Lockheed Martin leadership roles in energy, technology integration, strategy and business development.”
As a small business, we need to evaluate this situation carefully.
- Does this consolidation impact any of the relationships we have?
- Is a buyer we’ve been working with about to lose his/her job?
- Does this open any doors for us?
- Is a buyer we’ve been working with about to have an expanded purview?