Lockheed Martin plans to expand Milwaukee plant workforce by 15% By Reuters

© Reuters. The logo of Lockheed Martin is seen at Euronaval, the world naval defence exhibition in Le Bourget near Paris

(Reuters) – Defense contractor Lockheed Martin Corp (NYSE:) said on Friday it plans to increase the workforce at its Milwaukee facility by more than 15% this year.

The announcement came after President Donald Trump gave a 30-minute speech on trade at the plant run by Derco, a unit of the F-35 fighter jet maker.

Derco, which makes aircraft spare parts, also provides logistics and technical support for fixed-wing planes. (https://

Trump has campaigned on rebuilding the manufacturing sector to create high-paying American manufacturing jobs, partly by pushing other countries for more favorable terms on trade.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.