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Lockheed Martin (NYSE: LMT) has secured a $7 billion contract to provide the Defense Department with 71 F-35 aircraft as part of a potential $392 billion military arms procurement and development program, Reuters reported Monday. Andrea Shalal-Esa writes news of the deal comes as the armed forces aim to catch up on flight test schedules that...
Paul Lemmo, formerly a vice president in Lockheed Martin‘s (NYSE: LMT) information systems and global solutions business, has been promoted to senior vice president of corporate strategy and business development. The 25-year defense industry veteran will lead a business organization comprising of offices in 25 U.S. cities and 25 countries, Loc...
Orlando Carvalho, Lockheed Martin’s (NYSE: LMT) former executive vice president and general manager of the F-35 program, has been promoted to EVP of the aeronautics business area. Carvalho’s appointment is effective immediately and he succeeds Larry Lawson, will retire from the company April 5, Lockheed said Monday. Lorraine Martin, form...
Lockheed Martin (NYSE: LMT) has promoted 26-year company veteran Sondra Barbour and 13-year company veteran Rick Ambrose to the executive vice president ranks, the company said Thursday. Effective April 1, Barbour will serve as EVP for the information systems and global solutions business unit and Ambrose will hold the same title for the space syste...
Lockheed Martin (NYSE: LMT) has placed operations and program management functions into the corporate engineering and technology organization led by Chief Technology Officer Ray Johnson, the Washington Business Journal reports. According to Jill Aitoro, CEO Marillyn Hewson is consolidating corporate functions that report to her at the Bethesda, Md. ...
An agreement between Lockheed Martin (NYSE: LMT) and the Defense Department on the fifth batch of F-35 fighter jets is close to completion, Defense Undersecretary Frank Kendall told Reuters Wednesday. Kendall, undersecretary for acquisition, technology and logistics, told Andrea Shalal-Esa he met with Lockheed President and Chief Operating Officer M...
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. In a release, the company said it also named her president, chief operating officer and director, effective immediately, upon the resignation of Chris Kuba...
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. On that date, the company said Bennett will serve as EVP for the new mission systems and training area and Edwards will lead...
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 2...
