Tag Archives: james taiclet

Lockheed Martin (NYSE: LMT) is working to accelerate up to $500M in supplier payments as part of the company’s efforts to help government and industry partners in COVID-19 recovery initiatives.

James Taiclet, president and CEO of Lockheed Martin (NYSE: LMT), said the company has accelerated more than $1.1B in progress payments it has received from the Department of Defense to its suppliers to support the defense industrial base and national security efforts during the COVID-19 pandemic.

James Taiclet, a board member at Lockheed Martin (NYSE: LMT) since 2018, on Monday officially assumed his duties as president and CEO of the company. He succeeds Marillyn Hewson, who now serves as executive chairman of the board and continues to support the leadership transition.

Yvonne Hodge, vice president of business innovation transformation and enterprise excellence at Lockheed Martin’s (NYSE: LMT) space business, will assume the role of senior VP of enterprise business transformation on June 15. Hodge will report to James Taiclet, the incoming president and CEO of Lockheed, and oversee the company’s enterprise information technology, enterprise transformation and digital transformation teams as well as the development and implementation of strategies and cross-functional platforms, Lockheed said Wednesday.

James Taiclet, a board member at Lockheed Martin (NYSE: LMT), has been elected by the board of directors to succeed Marillyn Hewson as president and CEO, effective June 15. Hewson, who has served as president and CEO since 2013 and a 2020 Wash100 award winner, will transition to the role of executive chairman of the board by mid-June, Lockheed said Monday.