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Lockheed Martin announces management changes
Wednesday, November 18, 2009 12:51 PM


(Source: Datamonitor)trackingFederal contractor Lockheed Martin has announced four appointments and a realignment within its Electronic Systems business. The actions are effective in early 2010.

Marillyn A. Hewson has been appointed executive vice president of the Electronic Systems business. She is currently president of Systems Integration-Owego and succeeds Christopher E. Kubasik, whose appointment to the position of president and chief operating officer was announced last month.

John T. Lucas, who joined the company in May this year, has been appointed as senior vice president of human resources. He succeeds Kenneth J. Disken, who is retiring from the company.

William L. Graham has been appointed as deputy to Information Systems & Global Services executive vice president Linda Gooden.

Orlando P. Carvalho has been appointed as president of the Maritime Systems and Sensors (MS2) business. He succeeds Fred P. Moosally, who is retiring from the company. Carvalho is currently vice president and general manager of MS2's operations in Moorestown, New Jersey.

In addition to these appointments, the company has realigned its Electronic Systems business area to align its capabilities and customers, improve affordability and sharpen the focus of new business efforts. The ground vehicle line of business, which includes the Joint Light Tactical Vehicle program, will be realigned from Systems Integration-Owego to Missiles and Fire Control, and the balance of Owego's business will realign with MS2.

Robert J. Stevens, chairman, president & chief executive at Lockheed Martin, said: "These leadership appointments and the business realignment are the latest steps we're taking to strengthen program performance and increase operational excellence across the corporation. The entire Owego team has worked diligently to reposition the business following termination of the VH-71 program and cancellation of the CSAR-X competition and they have sustained a high level of performance despite the elimination of nearly 1,000 jobs since the beginning of the year."

Last month, the company reported a 2% increase in net income to $797m for the third quarter 2009, compared to $782m in the same quarter last year. Revenue was up 5% at $11.06 billion. In August, it announced plans to cut 800 jobs by the end of the year in its space systems unit as part of efforts to improve its position in the highly competitive space systems market.

A service of YellowBrix, Inc.



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