Business

October 9, 2012

Lockheed Martin to form two new business areas through reorganization of Electronic Systems

With a continuing focus on lean and efficient operations, Lockheed Martin Corporation Oct. 8 announced it will reorganize its Electronic Systems business area into two new business areas that position the company for growth by increasing customer alignment and reducing costs.

Effective Dec. 31, the creation of the Missiles and Fire Control and Mission Systems and Training business areas brings the company’s total to five including Aeronautics, Space Systems, and Information Systems & Global Solutions. As previously announced, Marillyn Hewson, who currently leads the Electronic Systems business area, will assume the role of president and chief operating officer on Jan. 1.

“Our customers are looking for affordable solutions to their toughest challenges whether intercepting enemy missiles, conducting naval operations in littoral waters, or securing information networks from attack,” said Chris Kubasik, Lockheed Martin vice chairman, president and chief operating officer. “This new structure will allow us to better support our customers around the world and positions our company for sustained long-term growth.”

The reorganization will streamline operations and save approximately $50 million a year by eliminating the executive management teams of the Electronic Systems business area and the Global Training and Logistics business unit. The GTL portfolio will be split between the two resulting business areas. Approximately 200 jobs will be affected.

“For the past three years, Chris has led an effort to examine all aspects of our business in an environment where every dollar counts,” said Bob Stevens, Lockheed Martin chairman and CEO. “This focus on maximizing value for customers and shareholders has already identified billions in savings for our customers and made us more competitive.”

The new structure includes the following organizational changes:

  • The MFC business area will have 16,000 employees and be headquartered in Dallas. Some of its high-profile programs will include the Terminal High Altitude Area Defense System, Joint Light Tactical Vehicle, PAC-3 Missiles, as well as logistics and other technical services from GTL.
  • The MST business area will have 19,000 employees and be headquartered in Washington, DC. Some of its high-profile programs will include the Aegis Combat System, Littoral Combat Ship, MH-60 helicopter avionics, as well as military and commercial training systems from GTL including F-35 support.

To lead these new business areas, Rick Edwards and Dale Bennett have been elected executive vice presidents, effective December 31, of MFC and MST, respectively. Both executives have been with Lockheed Martin for about three decades and served in roles of increasing responsibility.

Edwards, 56, began managing MFC’s program and technology execution in June after leading its Tactical Missiles and Combat Maneuver Systems line of business for seven years. He received a bachelor’s degree in business administration from Gettysburg College in 1978. He will succeed Jim Berry, the current president of the MFC business who plans to retire.

Bennett, 55, is the president of the Mission Systems & Sensors business, a role he assumed in August 2011 after serving as president of GTL for six years. He received a bachelor’s degree in mechanical engineering from the University of South Carolina-Columbia in 1981, a master’s degree in engineering from the Johns Hopkins University, and a master’s in business administration from the Sloan Fellows Program at Massachusetts Institute of Technology. He also served in the Air Force.

 




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


 
 

 
Raytheon photograph

Raytheon completes key Air, Missile Defense Radar reviews

Raytheon photograph Partially-populated, full-sized Air and Missile Defense Radar array. Raytheon has completed two critical program reviews for the new Air and Missile Defense Radar, the U.S. Navy’s next generation integ...
 
 
Insitu photograph

Insitu demonstrates long endurance capabilities of Integrator unmanned aircraft

Insitu photograph Insitu’s Integrator unmanned aircraft recovers via SkyHook; the aircraft recently completed a 24-hour endurance flight. Insitu announced July 22 the successful 24-hour flight of its Integrator unmanned a...
 
 

U.S. Navy selects Northrop Grumman for ship self-defense system

The U.S. Navy has awarded Northrop Grumman a $12 million task order for a full range of engineering services to continue modernizing the Ship Self-Defense System Mark 2. The contract has a potential value of $61 million over five years, if all options are exercised. SSDS MK2 is a combat system designed for anti-air defense...
 

 
Lockheed Martin photograph

Lockheed Martin selected for U.S. Air Force’s satellite hosted payload initiative

Lockheed Martin photograph Lockheed Martin has a long history of developing and integrating hosted payloads onto spacecraft. Since 2000, the company has delivered 84 payloads on 16 different types of satellites from multiple ma...
 
 
boeing-france

Boeing delivers upgraded French AWACS aircraft

Boeing on July 17 delivered on schedule the first of four upgraded French Airborne Warning and Control System aircraft. The upgraded aircraft will increase the fleet’s surveillance, communications and battle management ca...
 
 

Lockheed Martin demonstrates JAGM dual-mode guidance section in second flight test

Lockheed Martin recently demonstrated its Joint Air-to-Ground Missile dual-mode guidance section during a second internally funded flight test at Eglin Air Force Base, Fla. During the test, the rail-mounted JAGM flew 6.2 kilometers and initially acquired the target using its precision strike, semi-active laser. The dual-mode guidance section then engaged its millimeter wave radar, and...
 




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>