MILWAUKEE, July 12, 2019 /PRNewswire/ -- During a visit to
Derco, a Lockheed Martin company (NYSE: LMT), President
Donald J. Trump announced more work
is coming to Milwaukee.
Derco will provide parts warehousing and distribution
sustainment for the F-35 Lightning II, supporting the U.S. Air
Force, Marine Corps, Navy and allies around the world.
"From here in Milwaukee, you
are supporting magnificent aircraft, and soon you'll support the
unstoppable, stealth F-35 Lightning II," said President Trump. "I
am thrilled to be back in the great state of Wisconsin with the extraordinary men and women
of Derco. We are here today to celebrate the triumphant return of
American manufacturing, and everything we are doing to keep the
assembly lines rolling."
Derco is growing its workforce by 15 percent by the end of the
year. Because of its culture and skilled workforce, Derco has been
named one of the Top Workplaces in Milwaukee for the past four years.
Approximately 20 percent of Derco employees are veterans.
Derco initially will support the management and delivery of
1,500 different F-35 parts to locations around the globe. This
increased work will create more skilled jobs for repair
technicians, operations personnel and supply chain management
experts.
The F-35 is the most advanced, survivable and connected fighter
jet. The United States' program of
record is for 2,456 aircraft, and Lockheed Martin is set to deliver
1,000 more to allied nations.
To support the growing business, Derco is investing in its
facility and is breaking ground to expand the campus. Derco is also
looking to add to its 1,200 suppliers to develop repair
capabilities for the F-35 in Milwaukee. Currently, the F-35 provides
$1.2 million in economic impact
across the supply chain in Wisconsin.
Photos of President's Trump visit to Derco:
https://www.smugmug.com/gallery/n-NPRRqk/
For additional information, visit our websites:
www.f35.com and www.lockheedmartin.com/derco.
About Derco
Founded in 1979, Derco is based in
Milwaukee, Wisconsin, and is a
recognized leader in providing aircraft spares distribution,
logistics, component repair and technical solutions to customers
around the globe. Through solid relationships with premier original
equipment manufacturers (OEMs), Derco maintains one of the largest
and most diversified aircraft spares inventories in the world.
Today, Derco is an integrator and full-service logistics solutions
provider supporting military and commercial fleets in 65
countries.
About Lockheed Martin
Headquartered in Bethesda,
Maryland, Lockheed Martin is a global security and aerospace
company that employs approximately 105,000 people worldwide and is
principally engaged in the research, design, development,
manufacture, integration and sustainment of advanced technology
systems, products and services.
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SOURCE Lockheed Martin