The standard of living which most Americans have come to enjoy is dependent upon their having quality jobs available to them. The ability to create these jobs has, in turn, become increasingly dependent upon America’s ability to be highly competitive in the fields of science and technology. The government’s share of R&D spending has declined in recent years while business’ investment has increased – however, business has generally focused on development rather than basic research. Although the nation’s present position is one of considerable strength, many important trends are in the wrong direction. The conclusion of the National Academies “Gathering Storm” study was that absent strong intervention, particularly at the federal level, America’s competitiveness and the standard of living it supports is likely to deteriorate significantly in the years ahead.
Norm Augustine is the former CEO and Chairman of the Board of the Lockheed Martin Corporation. He joined Martin Marietta Corporation in 1977 as Vice President of Aerospace Technical Operations and became a Director in 1986. Prior to joining Martin Marietta, he served as Assistant Secretary of the Army (R&D) from 1973 to 1975 and Undersecretary of the Army from 1975 to 1977. He played a leading role in the 1995 merger of Martin Marietta and Lockheed, one of the largest aerospace and defense mergers in history. Mr. Augustine retired from his management roles in 1998, but remained an active director until 2005. He was a Professor at Princeton, his alma mater, from 1997 through 1999.
Mr. Augustine has been presented the National Medal of Technology by the President of the United States and received the Joint Chiefs of Staff Distinguished Public Service Award. He has five times received the Department of Defense’s highest civilian decoration, the Distinguished Service Medal. He is co-author of The Defense Revolution and Shakespeare In Charge and author of Augustine’s Laws and Augustine’s Travels.
He is a current member of the Board of Directors of ConocoPhillips and Black & Decker, and recently retired from the board of Procter & Gamble. Mr. Augustine was Chairman and Principal Officer of the American Red Cross for nine years, Chairman of the National Academy of Engineering, President and Chairman of the Association of the United States Army, Chairman of the Aerospace Industries Association, and Chairman of the Defense Science Board. He is a Trustee Emeritus of Johns Hopkins and a former member of the Board of Trustees of Princeton and MIT. He holds 22 honorary degrees and was selected by Who’s Who in America and the Library of Congress as one of “Fifty Great Americans” on the occasion of Who’s Who’s fiftieth anniversary.
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