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.


 
 

 
dassault

Dassault Falcon Jet establishes new pilot operational support team

Arnaud Paulmier, head of Dassault Falcon Jet’s new operational support team. Dassault Falcon Jet recently established a new Pilot Operational Support Team in Teterboro, N.J., to support operators in the Western Hemisphere. Th...
 
 

U.S. Navy awards Raytheon $49.5 million enhanced Laser Maverick production contract

The U.S. Navy has awarded Raytheon a $49.5 million contract for production of new laser-guided Maverick missiles (AGM-65E2/L). The Navy also intends to exercise a contract option to purchase additional units bringing the total contract value to $54.9 million. The Maverick weapon system, a U.S. Air Force-led joint service program, is a forward firing, precision-guided,...
 
 
Northrop Grumman photograph by Alan Radecki

Second Northrop Grumman-built Triton UAS completes first flight

Northrop Grumman photograph by Alan Radecki The second MQ-4C Triton, built by Northrop Grumman for the U.S. Navy, successfully completed its first flight Oct. 15 PALMDALE, Calif. – The U.S. Navy’s second MQ-4C Triton un...
 

 
Raytheon photograph

Poland’s PIT-RADWAR signs letter of intent with Raytheon

Raytheon photograph Mike Shaughnessy, Vice President of Supply Chain, Raytheon Integrated Defense Systems and Jerzy Milosz, Member of Board and Director of R&D, PIT-RADWAR sign a letter of intent to explore further partners...
 
 

Raytheon to resume work on new electronic warfare planning management software program

The U.S. Army has directed Raytheon to resume work on an Electronic Warfare planning management software program that for the first time will give it automated tools to help plan and execute complex electronic warfare missions. The program restart follows a ruling by the U.S. Court of Federal Claims, which denied the protest filed by...
 
 

Northrop Grumman JCREW achieves milestone C; Program to enter production, deployment phase

Northrop Grumman has received Milestone C approval for its Joint Counter Radio-Controlled Improvised Explosive Device Electronic Warfare Increment 1 Build 1 (I1B1) system from the U.S. Naval Sea Systems Command. The JCREW I1B1 system is a jammer that defeats devices used to trigger improvised explosive devices (IEDs). Northrop Grumman developed mounted, dismounted and fixed-site variants...
 




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>