Lockheed Martin in partnership with Damco
The purpose of this effort was to establish an F-35 supply network model that supports production and sustainment. The modeling provides Lockheed Martin Aeronautics Company (LMA) insight into Damco's capability to address the value and service impacts of various potential transportation models. Specifically, Damco's model optimizes transportation flows for all movements between suppliers, LMA, and other partners on the program. The analysis provides LMA with key information on cost, lead-time, capacity, and reliability for transportation routing and warehousing. This data enables informed decisions on routings that present an optimal balance of cost and risk to enable effective transition from design to operations.
We have been pleased with the joint efforts into the Joint Strike Fighter program to review the solutions for the production and long-term sustainment of the program. This alliance brings a comprehensive set of solutions to manage the complexities inherent in international supply chains across multiple industries. The methodology, technology and global experience will add a new dimension to the solutions we provide for our customers globally, says Martin Thaysen, Chief Commercial Officer of Damco.
Moreover, Lockheed Martin Corporation and Damco have formed a broader cooperative alliance to collaborate on joint business pursuits across a diverse business segments range also involving other business units within the A.P. Moller - Maersk Group. The MOU establishes a collaborative business arrangement for the purpose of identifying and analyzing potential business opportunities that will leverage their capabilities, assets, and worldwide infrastructure in the defense, logistics and transportation market sectors.
Lockheed Martin is entering into this strategic relationship with Damco/Maersk to improve customer support and to extend our combined, award-winning logistics capabilities to new customers, said Lou Kratz, Lockheed Martin Vice President, Logistics & Sustainment. Together, our goal is to offer high-quality technological global delivery system solutions that benefit our customers and partners. Lockheed Martin's continued success is predicated on building strong global partnerships, and we are eager to be expanding our relationship with Damco.
About Damco
Damco is the new, combined brand of the A.P. Moller - Maersk Group's logistics activities.
Damco offers a broad range of supply chain management and freight forwarding services to customers all over the world, and has 10,500 colleagues in 272 offices, covering over 93 countries in Africa, Asia, North America, Europe, Middle East, and Latin America.
In 2008, the company had a net turn-over of USD 2.8 billion, shipped more than half a million TEUs ocean freight, air freighted over 60,000 tons, and handled over 50 million CBMs (equivalent to 2 million TEU) for our supply chain management customers.
Damco is an independent business activity within the A.P. Moller - Maersk Group. For more information, please visit www.damco.com.
About Lockheed Martin Corporation
Lockheed Martin is a major supplier of logistics systems and services to military and civil government customers. The corporation provides solutions for platform maintenance and repair, material readiness and distribution, and global supply chain command and control.
Headquartered in Bethesda, MD, Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2008 sales of $42.7 billion.