Lockheed Loses an Exec, Promotes 2 More (LMT)

Lockheed Loses an Exec, Promotes 2 More

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Click Here Now

Lockheed Martin (NYSE: LMT ) aeronautics head Larry A. Lawson's life just got a little easier.

On Tuesday, Lawson confirmed that he's resigning from Lockheed to take up a new job at airplane-parts maker Spirit AeroSystems (NYSE: SPR ) . In the process, Lawson leaves behind the troubled F-35 fighter jet program and can let go of worries over Defense Department budget cuts as well.

Sadly, somebody still has to worry about these things, and today, Lockheed named the two lucky individuals who will be responsible for figuring them out. Taking Lawson's place as head of aeronautics at Lockheed is F-35 program head Orlando Carvalho. Taking his place as head of the F-35 program is Lorraine Martin, Carvalho's former second-in-command.

Despite losing a key exec to Spirit, Lockheed shareholders seem confident their company remains in good hands. Investors responded to news of the new appointments by bidding up Lockheed shares 0.6% Tuesday, to close at $92.87.

Jeff Fischer and team have demystified options. And they can rack up income like $1,030... $2,626... and $3,228 on a schedule you can set your watch by!
That's why we're glad to announce every single one of their closely guarded strategies is available to YOU during May and June – 100% FREE, no strings attached! Just enter your email address in the box below...

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.