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What is the significance of being a franchised or authorized distributor?

April 26, 2017authorized distributor franchised significance

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What is the significance of being a franchised or authorized distributor?

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• Lockheed Martin Corporation is very risk averse, and seeks guarantee that all components purchased are exactly as specified. We have therefore chosen to use Original Equipment Manufacturers (OEMs) and franchised or authorized distributors whenever possible. Opportunities do not exist in all areas at all times. Lockheed Martin relies heavily on long-term corporate agreements or site agreements to meet ongoing needs. Windows of opportunity might be on an annual basis or as far out as ten years.