Former Lockheed Martin Executive Joins Syntax Defence Amid Canadian Defense Spending Boom
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Lorraine Ben, who previously led Lockheed Martin’s business in Canada, has joined Syntax Defence. In her new role, she will provide exclusive counsel and advocacy to Syntax clients. This move comes as Canada commits more than half a trillion dollars to defense over the next decade, including about $180 billion in procurement available to Canadian industry.
From intelligencer.ca
Why it matters
The move is consequential given Canada's massive defense investment strategy, which aims to raise spending to 5 per cent of GDP by 2035. The hiring of a high-level executive from Lockheed Martin gives Syntax Defence clients direct access to a leader who represented a global defense prime at the highest levels in Canada.
Canada's first Defence Industrial Strategy points to more than half a trillion dollars in defense investment over the next decade.
From intelligencer.ca
Who's involved
- Lockheed MartinFormer employer of Lorraine Ben, who led its Canadian business.
- SyntaxThe company that hired Lorraine Ben to provide counsel and advocacy to clients.
- Jennifer StewartFounder and CEO of Syntax, who welcomed Lorraine Ben to the company.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- SyntaxSpeculative
Syntax Defence could see increased revenue in its defense division due to the large government defense procurement commitments in Canada.
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The entities involved
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Lockheed Martin
US aerospace and defense manufacturer
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Jennifer Stewart
researcher (ORCID 0000-0001-8498-0533)
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