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With a continuing focus on lean
and efficient operations, Lockheed Martin Corporation
LMT today
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 December 31, the creation of the Missiles and Fire Control (MFC) and
Mission Systems and Training (MST) 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 January 1.
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