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.
Stevens said the realignment could displace some employees. The Owego division has already shed 1,000 jobs since the beginning of the year with the loss of two lucrative contracts, including the White House helicopter program.
Lockheed spokesman Jeffrey Adams declined provide further comment on the realignment.
"Until the process is completed, it would be premature to comment on the status of any individual facilities or the extent of job reductions that are likely to occur as the businesses are combined," Adams said.
The Bethesda, Md., company also announced three other personnel changes.
John Lucas, 49, will become senior vice president of Human Resources for the company, effective Feb. 1. He will be succeeding Kenneth Disken, who is retiring after 40 years of services.
William Graham, 59, will become deputy to Information Systems & Global Services Executive Vice President Linda Gooden, effective Jan. 1.
And Orlando Carvalho, 51, has been named president of the Electronic Systems' Maritime Systems and Sensors business effective Jan. 1. He will be replacing Fred Moosally, who previously announced his retirement.
Shares of Lockheed added $1.05 to $77.12 in midday trading.