>> LOCKHEED MARTIN CEO, MARILYN
HEWSON, HOW THE F-35 DOING, GOOD
JOB?
DAVID: NO PRESSURE.
PRESIDENT TRUMP INTRODUCING OUR
NEXT GUEST, SIGNING AN ORDER
THAT WILL TRAIN APPRENTICESHIPS
FOR STUDENTS TO PREPARE THEM FOR
THE JOBS OF THE FUTURE.
HERE IS THE AFOREMENTIONED
MARILLYN HEWSON SIGNED A PLEDGE
TO TRAIN AND RETRAIN WORKERS.
HOW DID THE PRESIDENT DID?
THE F-35, IF I'M NOT MISTAKEN
THIS, IS 13 BILLION-DOLLAR
CONTRACT FOR YOU GUYS, TO BUILD
141 OF THESE MAGNIFICENT JETS.
HOW IS THAT GOING?
IN FACT 194,000 AMERICAN JOBS
SUPPORT THE F-35 PROGRAM TODAY.
DAVID: UNBELIEVABLE.
FOR THE FIRST TIME IN MY
LIFETIME, I'M NOT A YOUNG GUY,
FIRST TIME IN MY LIFETIME WE
HAVE MORE JOBS THAN WE HAVE JOB
APPLICANTS.
IT WHAT THAT MEANS WE IMPORT A
LOT OF WORKERS OR WE RETRAIN
WORKERS WE HAVE, SOME WHO ARE
STILL SITTING ON THE SIDELINES,
BRING THEM BACK INTO THE
>> THAT IS EXACTLY RIGHT.
FOR THE AEROSPACE AND DEFENSE
INDUSTRY SKILLS GAP IS WE'RE
VERY CONCERNED.
WE WANT TO HIRE AMERICAN WORKERS
TO MAKE SURE WE HAVE THE WORKERS
FOR TODAY AND THE FUTURE.
IF YOU LOOK AT DIGITAL ECONOMY,
RETRAINING FOR WORKERS, AS WELL
AS FOLKS COMING OUT OF HIGH
SCHOOL AND OUT OF COLLEGE,
COLLEGE BOUND, ELEMENTS OF THE
WORKFORCE NEED TO BE FOCUSED ON
WORKFORCE DEVELOPMENT.
WE'RE EXCITED ABOUT THE
OPPORTUNITY TO SUPPORT WHAT THE
ADMINISTRATION ROLLED OUT.
DAVID: TRAINING IS NOT CHEAP.
PARTICULARLY AT A PLACE LIKE
LOCKHEED WHERE YOU HAVE REALLY
SKILLED WORKERS.
HAVE YOU PREPARED FOR THAT?
HAVE YOU PUT MONEY ASIDE FOR IT?
ARE YOU PAYING FOR IT BECAUSE OF
THE REDUCTION IN CORPORATE TAX
RATES?
ONE OF THE AREAS ENABLED US TO
AND SAVINGS THAT CAME FROM THAT.
IN FACT WE COMMITTED
$100 MILLION TO JUST FOCUS ON
OUR OWN EMPLOYEES, CURRENT
EMPLOYEES TODAY, RETRAINING,
UPSKILLING TO MAKE SURE THEY'RE
PREPARED FOR CHANGES IN THE WORK
PLACE AND IN ADDITION TO THAT WE
ROLLED OUT $50 MILLION WE'RE
SUPPORTING STEM SCHOLARSHIPS.
WE TALKED ABOUT TODAY ON
APPRENTICESHIPS AND VOCATIONAL
OPPORTUNITIES FOR TRAINING FOLKS
THAT IS ANOTHER $5 MILLION WE
COMMITTED.
DAVID: FINISH YOUR SENTENCE.
>> I WAS SIMPLY GOING TO SAY
WE'RE VERY EXCITED ABOUT THE
OPPORTUNITY TO PARTICIPATE IN
THIS INITIATIVE.
WE THINK IT IS THE RIGHT
STRATEGY.
IT'S A NATIONAL IMPERATIVE TO
THAT TAX CUTS WERE VERY GOOD TO
RETRAIN WORKERS, ET CETERA.
TRADE FRONT.
I WOULD IMAGINE THE STEEL AND
ALUMINUM TARIFFS CONCERN YOU A
BIT, IF THEY HAVEN'T ALREADY CUT
INTO YOUR EXPENSES?
>> WELL, FOR US, ACTUALLY WE
HAVE A LOT OF LONG-TERM
CONTRACTS WE HAVEN'T SEEN IMPACT
ON OUR COMPANY RELATIVE TO THAT.
WE'LL WATCH THE SUPPLY CHAIN,
SOME SMALL AND MEDIUM-SIZED
BUSINESSES THAT SUPPORT OUR
PRODUCTS.
WE'LL WATCH IMPACT FOR THEM.
WE FRANKLY HAVEN'T SEEN IT.
WE HAVEN'T HEARD IT FROM THEM
YET.
DAVID: YOU HAVE BEEN THERE FOR
30 SOME YEARS.
>> I TELL YOU I HAVE NOT.
I'M VERY ENCOURAGED BY IT.
IT IS EXCITING FOR US AS A
BUSINESS.
WHAT IS REALLY EXCITING GROWING
THE AMERICAN ECONOMY.
THAT IS GOOD FOR ALL THE
WORKERS.
IT IS VERY IMPORTANT FOR OUR
ECONOMIC PROSPERITY AND ECONOMIC
GROWTH AS A NATION AND FOR OUR
COMPANY.
DAVID: IT IS INTERESTING YOU SAY
ADMINISTRATION, NOT TO CAST ANY
STONES BUT THEY WERE SAYING HEY,
YOU KNOW, YOU GOT TO GET USED TO
THIS SLOW GROWTH.
THAT IS THE FUTURE GROWTH THAT
THAN 2% A YEAR IN THE
FORESEEABLE FUTURE.
I THINK WE'VE BLOWN THROUGH
THAT, DON'T YOU?
>> I DO AND YOU KNOW WE'RE A
NATION OF OPTIMISTS.
WE'RE A NATION THAT WANTS TO BE
LEADERSHIP AND IN ALL FACETS.
FOCUS ON WORKFORCE DEVELOPMENT
AND MAKING SURE AMERICAN WORKERS
HAVE A CHANCE TO GROW AND
PROGRESS AND BE A PART OF THAT
FUTURE WHY THIS IS SUCH AN
IMPORTANT MOMENT TODAY.