May 5, 2020 | Local, Aerospace, Naval, Land, C4ISR, Security
CDR Names Lockheed Martin Canada Top Defence Company For 2020
MARKHAM, Ontario--(BUSINESS WIRE)--Leading defence and military magazine, CANADIAN DEFENCE REVIEW, has just released its annual survey and ranking of Canada's Top Defence Companies. For 2020, CDR has named Lockheed Martin Canada, its Top Defence Company and it's their third time at the #1 spot over the 16 years the survey has been published. Parent company, Lockheed Martin, is the world's largest defence contractor but the Canadian operation constitutes a tiny sliver of the corporation, however, of particular interest to CDR, is the fact that its cutting edge naval technology is all home-grown! In commenting on the selection, Lorraine Ben, Lockheed Martin Canada Chief Executive, said, “... our success is founded upon long-standing partnerships with Canada, the Canadian Forces, and the country's defence supply sector.” She added, “This recognition by CDR is a true testament to our team and the extraordinary talent and dedication our employees have. And not only for our Lockheed Martin Canada team, but for our vast network of Canadian suppliers and partners – we have a rich history supporting collective success across Canadian industry and we are looking forward to growing this positive impact.” CDR Editor-in-Chief, Peter Kitchen, commented, “Lockheed Martin Canada has proven time and time again that it is a great corporate citizen and we were particularly impressed how the company not only develops its key naval technology in-country, but it also draws on the vast resources of the mother company in a very effective way.” There have been ten new companies added to the CDR survey this year, showing Canada's defence industry is vibrant and growing. An evaluation panel consisting of CDR editorial staff and independent advisors ranked the companies based on factors such as economic impact, innovation, contribution to the nation's security, corporate integrity and support for Canada's military. With the publication of its annual Top 75 Defence Companies Survey & Ranking, CDR's goal is to showcase Canada's defence industry and all that it has to offer. And that's why, in the current challenging environment, CDR is proud to be part of an industry that is fighting valiantly against the Covid-19 pandemic threatening the nation. Contacts Peter A. Kitchen, Editor-in-Chief Telephone: (905) 554-4586 Email: Comments@CanadianDefenceReview.com www.CanadianDefenceReview.com https://www.businesswire.com/news/home/20200504005040/en/CDR-Names-Lockheed-Martin-Canada-Top-Defence