Hewson: 'We are seeing more consolidations'

The defense industry is seeing additional consolidation, which Lockheed Martin is monitoring, the company's chief executive said today.

Speaking to reporters at Lockheed's annual media day in Arlington, VA, Marillyn Hewson said the contractor is regularly weighing additional acquisitions.

"For us personally, we're always looking at opportunities from an acquisition standpoint that would make sense for our company," she said. "We're very satisfied with the portfolio that we have."

Hewson said Lockheed particularly weighs deals that would bring new capabilities or broaden its market access.

"In terms of the industry as a whole, I do think we are seeing more consolidations that are happening at certain levels," she added. "We'll continue to watch that and how that competitive environment operates for us."