Lockheed Martin Realigns Electronic Systems Unit

DONNA BORAK

WASHINGTON (AP) — Lockheed Martin Corp. announced Monday a reorganization of its Electronic Systems business, including appointing a new head of the division, which makes the Aegis ballistic missile and the Pac-3 surface-to-air guided missile.

Marillyn Hewson, 55, will leave her post as president of Systems Integration-Owego to become executive vice president of Electronic Systems, effective Jan. 1.

The new leadership changes follows Christopher Kubasik's promotion last month to president and chief operating officer of the corporation. Kubasik previously led the division, which had 2008 sales of $11.6 billion.

Additionally, the defense contractor said it will be realigning its Electronic Systems business areas to improve affordability and focus on new business efforts.

Effective Jan. 1, Lockheed's ground vehicle business will be realigned from Systems Integration-Owego to its Missiles and Fire Control business unit, while the balance of Owego's business will integrated with its Maritime Systems and Sensors unit.

"I believe this structure will make us stronger and more cost competitive," Lockheed CEO Bob Stevens said in a statement.