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.


 
 

 

Boeing, Royal Australian Air Force test extended range weapon

The Boeing Joint Direct Attack Munition Extended Range demonstrated significant range increase while maintaining its expected accuracy during flight testing conducted by Boeing and the Royal Australian Air Force. The testing centered on a new wing kit that, when used in conjunction with the weaponís guidance kit, increases the bomb’s range from approximately 15 miles...
 
 

DRS Technologies to provide comm systems for Royal New Zealand Navy frigates

DRS Technologies Inc., a Finmeccanica Company, announced Feb. 25 that its Canadian subsidiary will be providing tactical integrated communications systems to the New Zealand Ministry of Defense for the Royal New Zealand Navy’s ANZAC-class frigates. This subcontract was awarded to DRS Technologies Canada Ltd. in support of a communications modernization contract from Lockheed Martin Canada...
 
 

Northrop Grumman LITENING achieves two million operating hour milestone

In the life cycle of every military system, some milestones stand out as signature achievements. One million operating hours is one of them – and Northrop Grumman’s fielded AN/AAQ-28(V) LITENING pods have hit that number for the second time. “This is a significant milestone for the LITENING program and our team is proud to be...
 

 

Boeing to intensify technical career development for engineering workforce

Boeing Feb. 25 is implementing a plan to renew its focus on the companyís engineers worldwide by dedicating the first two of new Engineering Career Development Centers that would serve as training grounds for its technical workforce. Over the next year, leading up to Boeingís 100-year anniversary in 2016, the company will open a dozen...
 
 
Raytheon-AMRAAM

Raytheon unveils extended range AMRAAM

Raytheon has begun development on an extended range variant of the combat-proven Advanced Medium Range Air to Air Missile. Designed specifically for ground-based air defense, AMRAAM-ER will enable intercepts at longer range and...
 
 

Upgrades boost ballistic missile defense radar’s performance during missile raid

The U.S. and its friends and allies will soon have improved defenses against ballistic missile raids – large quantities of simultaneously impacting ballistic missiles. Raytheon has upgraded the computer processor of the AN/TPY-2 ballistic missile defense radar, enabling the system to both perform better during raids and to more quickly and accurately discriminate between a...
 




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>