Tag Archives: aeronautics

Lockheed Boosts 2016 Earnings, Revenue Outlook

Lockheed Martin (NYSE: LMT) — one of 30 companies listed in Executive Mosaic’s GovCon Index and an S&P 500 stock — lifted its profit and revenue outlooks for 2016 despite a year-over-year decline in first quarter net income due to one-off charges for workforce reductions and other items. The Bethesda, Maryland-based aerospace and …

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Lockheed Reports 2% Sales Bump for 2Q, Profit Up 4%

Lockheed Martin (NYSE: LMT) has reported a 2.6 percent year-over-year increase in revenue to $11.6 billion for its fiscal year 2015 second quarter, which ended June 28, and a 4.5-percent increase in profit to $929 million for that same time frame. Sales in the company’s aeronautics, missiles and fire control, and mission systems and training segments …

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Bridget Lauderdale Named Lockheed Corporate Strategy, BD SVP; Marillyn Hewson Comments

Bridget Lauderdale,  vice president and general manager of aeronautics operations at Lockheed Martin (NYSE: LMT), will take a new role as SVP for corporate strategy and business development and a corporate officer of the company. Lauderdale will start in her new position on Jan. 1, 2015 and be responsible for new business capture and …

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Lockheed to Buy Thin-Film Coating Maker Deposition Sciences

Lockheed Martin (NYSE: LMT) has agreed to purchase Deposition Sciences, an Advanced Lighting Technologies subsidiary that manufactures optical thin film coatings. Financial terms of the deal were not disclosed and the companies expect to close the transaction within 30 days subject to customary regulatory approvals, Lockheed said Wednesday. Lockheed intends …

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Harald Wilhelm: Airbus Aims for Salzburg Munchen Bank Buy to Form Company Bank

Airbus Group has moved to expand its financing options by agreeing to buy Salzburg Munchen Bank AG from Raiffeisenverband Salzburg. The Munich-based bank will be renamed Airbus Group Bank once the transaction is completed and the new Airbus subsidiary will provide financial services to the aeronautics and defense company, Airbus …

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Rob Weiss to Lead Lockheed’s Skunk Works; Orlando Carvalho Comments

Rob Weiss, formerly Lockheed Martin’s (NYSE: LMT) executive vice president and general manager of aeronautics operations, has been named EVP and GM for the company’s Aeronautics Advanced Development Programs or Skunk Works. Lockheed also appointed Al Romig,  John Larson and Ron Bessire as respective VPs for engineering and advanced systems, operations …

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Jeff Babione Named F-35 Deputy Program Head; Orlando Carvalho Comments

Jeff Babione, Lockheed Martin‘s (NYSE: LMT) former vice president and general manager of the F-16 and F-22 integrated fighter group, has been appointed vice president and deputy program manager of the F-35 program. Bridget Lauderdale, VP and GM of aeronautics operations, has succeeded Babione in his former roles on an …

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Orlando Carvalho Promoted To Lockheed Aeronautics VP

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, former …

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