洛克希德•马丁将用长期合同抵御特朗普新关税影响

Lockheed Martin is negotiating a long-term purchase agreement which would insulate it against the effect of proposed new US steel and aluminium tariffs until 2021, chief financial officer Bruce Tanner said on Monday.

洛克希德•马丁公司(Lockheed Martin)首席财务官布鲁斯•坦纳(Bruce Tanner)周一表示，公司正就一份长期采购协议展开谈判，该协议将令其在2021年之前免于受到美国拟议中的、新的钢铁和铝关税的影响。

In an interview with the Financial Times, Mr Tanner said the company — one of the largest US defence contractors — is discussing an agreement for aluminium for the C130 military transport plane, one of the biggest users of the metal in the Lockheed portfolio but which represents only about 2 per cent of sales. The metals “are not a large proportion of our content”, he added.

坦纳在接受英国《金融时报》采访时表示，作为美国最大的国防承包商之一，该公司正在谈一项铝材协议，这些铝材将用于制造C-130军用运输机。C-130是洛克希德产品组合中用铝最多的产品之一，但它只占该公司总销售额的2%。坦纳补充说，这些金属“在我们产品的构成中所占的比例并不大”。

Even without a long-term contract, the potential hit from the 10 per cent aluminium tariff proposed by President Donald Trump would only be “in the hundreds of thousands of dollars”, a small proportion of the price of planes which sell for $65m to $70m each, he said.

他说，即使没有长期合同，美国总统唐纳德•特朗普(Donald Trump)提议的对铝征收10%关税带来的潜在影响也将仅为“数十万美元”，只占飞机售价的一小部分。每架C-130售价为6500万至7000万美元。

“It’s not an inconsequential sum by any stretch of the imagination but it’s probably not as large as a lot of folks would think,” he added. “It’s not like it would have a huge impact.

“稍加想象就会发现，这并不是个无足轻重的小数目，但它很可能也没有很多人想象的那么大。”他补充说，“这并不会产生特别大的影响。

“We have more exposure for aluminium than steel but even there it’s not a significant portion . . . for the lion’s share of our growth programmes, like the F35 [fighter plane], it’s not that significant.”

“我们用的铝比钢铁多，但即便是铝，所占的比例也不大……对我们增长项目的拳头产品、比如F-35(战斗机)来说，它并没有那么重要。”

Defence contractor stocks were hit hard last week by news of the proposed aluminium tariff and a larger 25 per cent tariff on steel. Lockheed Martin shares have fallen more than 3 per cent since the announcement last Thursday.

上周，拟议中的铝关税、以及税率更高的钢铁关税(税率为25%)的消息传出后，国防承包商的股票受到沉重打击。自上周四该消息公布以来，洛克希德的股价已下跌逾3%。

But Wall Street analysts say defence contractors’ exposure to the metals is smaller than many investors believe. Lockheed’s suppliers would probably be more affected by squeezed margins, however, as those locked into long-term contracts cannot pass on the raised costs.

但华尔街分析师表示，国防承包商对这些金属的敞口比许多投资者所认为的要小。不过，洛克希德的供应商很可能会因利润率被压缩而受到更大的影响，因为那些已被长期合同锁定的供应商无法把升高的成本转嫁出去。