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Lockheed Martin drops out of Singapore Airshow over coronavirus concerns

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Via Yahoo Finance

WASHINGTON (Reuters) – U.S. weapons maker Lockheed Martin Corp said on Friday it will not participate in next week’s Singapore Airshow over coronavirus concerns.

“Following the Singapore Ministry of Health’s Feb. 7 declaration of a Code Orange health alert, we consulted with the U.S. government and our medical teams and decided not to participate in the Singapore Airshow,” the company said in a statement.

“We determined this was in the best interest of our employees and aligned with the U.S. Department of Defense’s decision to reduce its presence,” it said.

(Reporting by Mike Stone; Writing by Eric Beech; Editing by Daniel Wallis)

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