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LockMart Raises Bar For LM21 Initiative
NEW YORK Lockheed Martin, emboldened by better-than-expected results in 1999, has adopted a much more aggressive cost-savings target tied to the company’s “LM21” productivity initiative. By 2002, the defense contractor believes it can achieve sustained savings of $4 billion tied directly to LM21, said Michael Joyce, who heads up the initiative.
By ANTHONY L. VELOCCI