Tag Archives: Bob Stevens

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

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 …

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Lockheed Appoints F-35 Program VP Larry Lawson to Lead Aeronautics Unit

Lockheed Martin Corp. (NYSE: LMT) appointed Larry Lawson as executive vice president of the company’s aeronautics business area, Lockheed announced Thursday. The 32-year aerospace veteran is currently vice president and general manager of the company’s F-35 program. He previously held the same positions for the company’s F-22 program. Lawson has …

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Japan Selects Lockheed’s F-35 as Next-Gen Aircraft; 42 Jet Agreement Could Top $4B

The Japanese government has selected Lockheed Martin‘s (NYSE: LMT) F-35, the Joint Strike Fighter,  as Japan’s next-generation fighter aircraft, ending a multi-year vetting process that considered aircraft from several American and European firms. The Wall Street Journal reports Lockheed’s agreement is for 42 jets, which will likely cost Japan more than $4 billion. …

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Lockheed to Increase Share Repurchases by up to $1B; Bob Stevens Comments

Lockheed Martin Corp.’s (NYSE: LMT) board of directors has approved an interim increase of up to $1 billion to the company’s share repurchase program, which was initiated in October 2010. The company said the board will likely consider a new share repurchase program this fall. “We believe this additional share repurchase …

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Lockheed Board Elects Two Corporate Officers, Announces 3rd Quarter Dividend

Lockheed Martin Corporation‘s (NYSE: LMT) board of directors has elected Kenneth R. Possenriede as vice president and treasurer and Leo S. Mackay, Jr. as vice president of ethics and business conduct. Both moves will go into effect July 1, 2011. Possenriede will succeed John McCarthy who is retiring after 40 years at Lockheed. Possenriede …

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Lockheed Martin CEO to Present at Sanford C. Bernstein Investor Conference

Lockheed Martin Corporation (NYSE: LMT) will webcast a live presentation by Chairman and Chief Executive Officer Bob Stevens at Sanford C. Bernstein’s 27th Annual Strategic Decisions Conference on June 2, 2011. Stevens will present on behalf of Lockheed Martin from 2 p.m. to 2:50 p.m. EDT. He will highlight the …

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Lockheed’s Bob Stevens Comments on Decade-Long Deal Worth Potential $5 Billion

Lockheed Martin (NYSE: LMT) won an indefinite delivery / indefinite quantity contract from the U.S. Special Operations Command to support complete logistics to soldiers around the world. According to the firm, “the Logistics Support Contract for U.S. Special Operations provides a wide range of mission-critical services, from aircraft and vehicle …

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Lockheed Releases 1stQ Financial Totals

Lockheed Martin Corporation (NYSE: LMT) reported first quarter 2010 net sales of $10.6 billion, a 3% increase over the $10.4 billion in 2009. Net earnings for the first quarter of 2010 were $547 million, or $1.45 per diluted share, compared to $666 million, or $1.68 per diluted share, in 2009. …

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Lockheed Closes Solid 2009

Lockheed Martin Corporation (NYSE: LMT) reported fourth quarter 2009 net earnings of $827 million, ($2.17 per diluted share), compared to $823 million, or $2.05 per diluted share, in 2008. Net sales for the fourth quarter of 2009 were $12.5 billion, a 13% increase over the $11.1 billion in 2008. Cash …

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