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Scott Greene, executive vice president of the missiles and fire control business segment at Lockheed Martin (NYSE: LMT), plans to retire from the company by Dec. 31 after a more than 41-year career. Greene will continue to run the MFC business until a successor is found and then serve as a strategic adviser to help...
Lockheed Martin (NYSE: LMT) revised its revenue forecast for the company’s 2022 fiscal year, cutting its full-year sales outlook to $65.25 billion from the previous guidance of $66 billion. The defense and aerospace company said Tuesday second quarter sales were $15.45 billion, compared with the $17.03 billion recorded in the same period a yea...
Vincent Stewart, a 38-year U.S. Marine Corps veteran and a four-time Wash100 Award winner, will formally join the board of directors of Lockheed Martin (NYSE: LMT) on Friday. The retired USMC lieutenant general will serve as an independent director and as part of the board’s classified business and security committee, Lockheed said Tuesday. St...
Executive Mosaic has featured Lockheed Martin Chairman, President and CEO Jim Taiclet in the 2022 Wash100 class for his strategic vision in the aerospace and defense technology area. Taiclet has been selected two consecutive times to the annual list of leaders who continually drive growth and innovation in the government contracting sector. He succe...
Lockheed Martin (NYSE: LMT) has decided to drop a $4.4 billion deal to acquire Aerojet Rocketdyne (NYSE: AJRD) nearly three weeks after the Federal Trade Commission filed an antitrust lawsuit to block the planned merger citing the proposed transaction’s impact on competition. Jim Taiclet, chairman, president and CEO of Lockheed, said in a statemen...
Lockheed Martin (NYSE: LMT) reported $17.7 billion in net sales during the fourth quarter of its 2021 fiscal year, up 4 percent from the prior-year period, and posted $2 billion, or $7.47 per share, in Q4 net earnings from continuing operations. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday Q4 cash from operations reache...
Lockheed Martin (NYSE: LMT) reported $16 billion in net sales and $614 million, or $2.21 per share, in net earnings from continuing operations during the third quarter of fiscal year 2021. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it generated $1.9 billion in Q3 cash from operations, raised its quarterly dividend to ...
Rick Ambrose, executive vice president of Lockheed Martin’s (NYSE: LMT) space business and a six-time Wash100 Award winner, will retire in March 2022 after a two-decade career with the Bethesda, Maryland-based aerospace and defense contractor. Jim Taiclet, chairman, president and CEO of Lockheed and a 2021 Wash100 Award recipient, said in a statem...
John Mollard, vice president and treasurer at Lockheed Martin (NYSE: LMT), has assumed the position of acting chief financial officer at the Bethesda, Maryland-based aerospace and defense contractor. He will fill the role while the company searches for a permanent replacement for Kenneth Possenriede, who decided to retire after a 35-year career with...
Lockheed Martin (NYSE: LMT) has promoted Christian Marrone from vice president to senior VP of government affairs. He succeeds the retiring Robert Rangel, who has managed the company’s interaction with Congress and its customer relationships across the public sector, Lockheed said Tuesday. Marrone served as vice president of external aff...
