Marillyn Hewson Named Lockheed Board Chair; Bob Stevens to Retire From Company

Marillyn Hewson
Marillyn Hewson Marillyn Hewson, who became president and CEO of Lockheed Martin (NYSE: LMT) in January, has been elected to succeed current Executive Chairman Bob Stevens as chairman of the board. Stevens,  who led the company as CEO from 2004 to 2012, will step down from the board of directors Dec. 31 and retire from the company early next year, Lockheed said Monday. “As CEO, Marillyn has...

Lockheed Board Approves $1.15 Dividend for 1Q 2013

LockheedLogo
Lockheed Martin‘s (NYSE: LMT) board of directors has approved a dividend of $1.15 per share for the first quarter of its 2013 fiscal year, the company said Thursday. Shareholders of record as of the close of business on March 1 will receive the payment March 29. The company also paid shareholders a $1.15-per-share dividend for its fourth quarter 2012, representing at the time Lockheed’s...

Lockheed Acquires Assets of UAV Software Developer CDL Systems; Bob Stevens Comments

Bob Stevens Lockheed Martin (NYSE: LMT) has acquired substantial assets of Alberta, Canada-based software engineering firm CDL Systems Ltd. for an undisclosed amount, Lockheed announced Friday. “This transaction provides us a common software solution with significant in-theater experience that furthers our ability to meet our customers’ growing need for mission critical unmanned vehicle capabilities,”...

Lockheed Continues USMC F-35 Deliveries; Bob Stevens Comments

Bob Stevens Lockheed Martin (NYSE: LMT) has delivered three F-35 short takeoff and vertical landing fighter jets to the U.S. Marine Corps, the company announced Tuesday. These three jets increase the Marine Corps’ total number of STOVL aircraft to 16, with the total number of F-35s delivered in 2012 now at 20. “For more than 50 years, it has been our mission to support the Marine Corps mission,...

Lockheed Names 29-Year Vet Marillyn Hewson CEO Starting Jan. 1; Bob Stevens Comments

Marillyn Hewson Lockheed Martin (NYSE: LMT) has elected Marillyn Hewson, currently executive vice president for electronic systems, to succeed the retiring Bob Stevens as chief executive, effective Jan. 1, 2013. Bob Stevens In a release, the company said it also named her president, chief operating officer and director, effective immediately, upon the resignation of Chris Kubasik from the company. She...

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...

Lockheed Announces 15% Higher Dividend for 4Q in ‘Uncertain’ Environment; Bob Stevens Comments

Bob Stevens Lockheed Martin‘s (NYSE: LMT) board of directors has approved a fourth quarter 2012 dividend of $1.15 per share, representing a 15 percent increase over the last quarter. The company said this dividend is payable on Dec. 28, 2012 to holders of record as of the close of business on Dec. 3, 2012. Despite the uncertain budget environment that includes concerns over sequestration, Chairman...

Lockheed Reports 5.25% 2Q Profit Gain As Sequestration Looms; Bob Stevens Comments

Lockheed Martin (NYSE: LMT) announced financial results for its fiscal year 2012 second quarter, reporting a 5.25 percent increase in net earnings over the prior year period. The company also reported $1.2 billion in quarterly total consolidated operating profit, a 20.8 percent increase over the $993 million reported in the fiscal 2011 second quarter. The company’s aeronautics, electronic systems...

Heavy at the Top: June’s GovCon Exec Move Recap

GovCon saw a number of top position changes and executive-level hires in the month of June, with GovCon Wire covering 20 in all. Three of GovCon’s largest firms will have new CEOs this year, all of whom previously served as COOs at their respective companies Hiring intelligence and information executives was also trending this month as five were brought in or promoted to either presidents,...

Lockheed CEO Bob Stevens to Retire; President, COO Chris Kubasik to Succeed Jan. 1

Bob Stevens, Lockheed Martin Lockheed Martin Corp. (NYSE: LMT) announced Thursday that Chairman and CEO Bob Stevens will retire as chief executive before the end of the year and will be succeeded by President and Chief Operating Officer Chris Kubasik Jan. 1, 2013. The Bethesda, Md.-based security and aerospace contractor said Stevens will stay on as chairman through January 2014, subject to shareholder...

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