Author: Jane Edwards|| Date Published: December 11, 2018
Kenneth Possenriede, a more than 30-year Lockheed Martin (NYSE: LMT) veteran, has been named executive vice president and chief financial officer of the company in a move that will take effect Feb. 11.
He will succeed the retiring Bruce Tanner, a 37-year company executive who served as CFO for more than a decade, Lockheed said Monday.
Possenriede œis an accomplished leader with experience in every business area and Lockheed Martin UK,” said Marillyn Hewson, chairman, president and CEO of Lockheed and a four-time Wash100 awardee.
Possenriede currently serves as VP of finance and program management at Lockheed™s aeronautics business.
He has held senior leadership roles at the Bethesda, Md.-based defense contractor such as VP and treasurer for five years; VP of finance and business operations for space and former electronic systems business area; and CFO for Lockheed™s U.K. arm.
He also served as CEO and EVP CFO at Exostar on an acting basis between 2001 and 2003.
Textron plans to separate its industrial segment from its aerospace and defense businesses. The Providence, Rhode Island-headquartered firm said Thursday…
OSIbeyond has introduced a compliance-as-a-service, or CaaS, offering designed to help defense contractors secure and maintain Cybersecurity Maturity Model Certification.…
Raytheon, an RTX business, has received a $206.2 million contract from the U.S. Navy to integrate advanced Global Positioning System capabilities into…
Kenneth Possenriede, a more than 30-year Lockheed Martin (NYSE: LMT) veteran, has been named executive vice president and chief financial officer of the company in a move that will take effect Feb. 11.
