Business

June 28, 2012

Lockheed Martin board creates vice chairman position

Lockheed Martin announced June 28 that its board of directors has unanimously voted to establish the new position of vice chairman, electing President and Chief Operating Officer Christopher E. Kubasik as a board member and vice chairman, effective today.

“Our board will benefit from Chris’ expertise and strategic vision, and his participation as vice chairman will further prepare him for his responsibilities to the board as CEO,” said Douglas H. McCorkindale, Lockheed Martin’s lead director.

Kubasik, 51, will succeed Stevens as CEO on Jan. 1, 2013. Subject to election by stockholders and approval by the board, Stevens will remain chairman through January 2014.

“I am honored by our board’s vote of confidence and look forward to working with them in my new capacity to shape our future,” Kubasik said. “I’m proud to continue Lockheed Martin’s 100-year legacy of innovation and partnering with our customers to achieve their mission.”

“Adding Chris to our board of directors now is a natural next step in our leadership transition,” said Robert J. Stevens, Lockheed Martin chairman and chief executive officer. “This is a positive step for our customers, employees and stockholders.”

The corporation announced the leadership transition in April, also electing Marillyn A. Hewson, 58, to succeed Kubasik as president and COO.

Kubasik has served as president and COO since January 2010, and he has served with Stevens in the executive office of the chairman since October 2011. He previously was executive vice president of the Electronic Systems business area and, earlier, the corporation’s chief financial officer.




All of this week's top headlines to your email every Friday.


 
 

 

U.S. Navy to test, evaluate Lockheed Martin industrial exoskeletons

Lockheed Martin has received a contract through the National Center for Manufacturing Sciences for the U.S. Navy to evaluate and test two FORTIS exoskeletons. This marks the first procurement of Lockheed Martin’s exoskeletons for industrial use. Terms of the contract were not disclosed. The FORTIS exoskeleton is an unpowered, lightweight exoskeleton that increases an operator’s...
 
 
Northrop Grumman photograph by Alan Radecki

Northrop Grumman, Navy integrate manned, unmanned flight ops

https://www.youtube.com/watch?v=RqiOzO8yV4A&feature=youtu.be Northrop Grumman photograph by Alan Radecki The U.S. Navy’s unmanned X-47B conducts flight operations aboard the aircraft carrier USS Theodore Roosevelt (C...
 
 
Northrop Grumman photograph

Northrop Grumman to modernize Black Hawk cockpit for U.S. Army

Northrop Grumman photograph Northrop Grumman has been selected by Redstone Defense Systems to supply and integrate mission avionics equipment for a digital cockpit upgrade of the U.S. Army’s UH 60L Black Hawk helicopters....
 

 
Northrop Grumman photograph

Northrop Grumman delivers antennas for Canada’s RADARSAT Constellation mission

Northrop Grumman photograph Northrop Grumman’s RADARSAT Constellation Mission antenna unit in deployed state.   CARPINTERIA, Calif. – Thirteen lightweight antennas that self-deploy in 200 milliseconds have been del...
 
 
worldview

New Eye in the Sky: WorldView-3 will provide improved commercial satellite imagery

Photograph by Peter W. Merlin   DigitalGlobe’s WorldView-3 is expected to provide commercial customers with satellite imagery at resolutions previously available only to U.S. government agencies. The latest in a growing ...
 
 

Global Hawk reaches new milestone, expands operational area

The U.S. Air Force’s RQ-4 Global Hawk, a wide area surveillance unmanned aircraft system, has just completed its 100th operational mission in Southwest Asia and recently moved into the Pacific region. Built by Northrop Grumman, Global Hawk is operated largely out of the 69th Reconnaissance Group at Grand Forks Air Force Base, N.D. The 69th...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>