Lockheed Reorganizes Electronic Systems, Names Dale Bennett, Rick Edwards New Unit Heads; Stevens, Kubasik Comment

Dale Bennett

Lockheed Martin (NYSE: LMT) has divided its electronic systems area into two new sectors and named Dale Bennett and Rick Edwards executive vice presidents for the new units, with the structure effective Dec. 31.

Rick Edwards

On that date, the company said Bennett will serve as EVP for the new mission systems and training area and Edwards will lead the missiles and fire control area.

Chairman and CEO Bob Stevens said in a release Chris Kubasik, Stevens’ successor as CEO, has examined the company’s business “in an environment where every dollar counts.”

“Our customers are looking for affordable solutions to their toughest challenges whether intercepting enemy missiles, conducting naval operations in littoral waters, or securing information networks from attack, ” Kubasik said.

Edwards will succeed Jim Berry, whom the company said plans to retire.

This transition will occur as Marillyn Hewson, current head of electronic systems, will begin serving as president and chief operating officer Jan. 1 as Chris Kubasik, current president and COO, succeeds Stevens as CEO on that date.

With this realignment, Lockheed will have five operating units including the aeronautics, space systems and information systems and global solutions units.

Edwards started managing the MFC unit’s program and technology execution in June after leading its tactical missiles and combat maneuver systems line of business for seven years.

Bennett started his tenure as head of mission systems and training in August 2011 after leading global training and logistics for six years.

The company said the global training and logistics programs will be divided between the new areas.

The MFC business area, to be headquartered in Dallas, will have 16, 000 employees working on programs such as the Terminal High Altitude Area Defense System, Joint Light Tactical Vehicle and PAC-3 Missiles.

The MST business area, to be headquartered in Washington, will have 19, 000 employees working on programs such as the Aegis Combat System, Littoral Combat Ship, MH-60 helicopter avionics and training systems for the F-35.

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