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News Breaks | | | | November 9, 2012 | | 16:38 EDT |  | LMT | Lockheed Martin names Marillyn Hewson as CEO & President
Lockheed Martin announced that its board of directors asked for and received the resignation of Christopher E. Kubasik from his role as vice chairman, president and COO, effective immediately. The board also elected Marillyn A. Hewson president and COO, and a director effective immediately, and CEO and president effective January 1, 2013. Hewson will also retain her role as executive vice president of Electronic Systems business area until the end of this year. Kubasik, previously slated to become CEO in January, resigned after an ethics investigation confirmed that he had a close personal relationship with a subordinate employee. His actions violated the company's Code of Ethics and Business Conduct, but did not affect the company's operational or financial performance. Hewson joined Lockheed Martin in 1983, has served as executive vice president of the Electronic Systems business area since January 2010, and was named President and COO-elect by the board in April. | |
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News For LMT From The Last 14 Days Check below for free stories on LMT the last two weeks. |
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| May 24, 2013 | | 08:11 EDT |  | LMT | Pentagon estimates Lockheed Martin's F-35 fighter costs decline, Bloomberg says
 Subscribe for More Information | | | May 20, 2013 | | 17:14 EDT | | LMT | Lockheed Martin awarded $29.73M government contract modification
Lockheed Martin was awarded a sole-source, cost-plus-incentive-fee/cost-plus-award-fee contract modification. The value of this contract modification is $29.73M, increasing the total contract value from $1.41B to $1.44B. Under this modification, the contractor shall provide system engineering and program management services in accordance with established Aegis system engineering practices for the post certification support of Aegis Ballistic Missile Defense baselines 4.0.X, 5.0 and 5.0 capability upgrade. Work is expected to be completed Dec. 31, 2014. | | | 17:10 EDT | | LMT | Lockheed Martin awarded $111.51M U.S. Navy contract
Subscribe for More Information | | | May 15, 2013 | | 07:12 EDT | | LMT | Lockheed CEO sees sequester raising F35 costs, FT reports
Subscribe for More Information | | | May 13, 2013 | | 11:29 EDT | | LMT | Pentagon contracts tumbled in April, Washington Post says
Subscribe for More Information | | | 07:30 EDT |  | LMT | TechConnect to host a summit
2013 National Innovation Summit is being held in Washington, D.C. on May 12-16. | |
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