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Lockheed Martin CEO to Step Down

TheMotleyFool

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Lockheed Martin CEO to Step DownPhoto, wide shot, wide-angle lens, Metal fabrication, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.midjourneyapi.xyz/temp/568784d0-c41a-4663-ab01-91f29a370903.png

Lockheed Martin (NYSE: LMT) said Monday that Marillyn Hewson, who as CEO helped revamp the aerospace company's portfolio and turn it into one of the best-performing defense stocks, would be stepping down effective June 15.

Hewson has worked at Lockheed Martin since 1983 and was named CEO in 2013. During her tenure in charge, the company sold off much of its IT business and acquired Sikorsky helicopters from United Technologies, helping to diversify Lockheed's portfolio and making it less reliant on the F-35 Joint Strike Fighter.

An F-35 flies inverted. Image source: Lockheed Martin.

Source Fool.com

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