United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported) – March 18, 2013
LOCKHEED MARTIN CORPORATION
(Exact name of registrant as specified in its charter)
| Maryland | 1-11437 | 52-1893632 | ||
| (State or other jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||
| 6801 Rockledge Drive, Bethesda, Maryland | 20817 | |||
| (Address of principal executive offices) | (Zip Code) | |||
(301) 897-6000
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 8.01. | Retirement of Executive Officer; Appointment of Executive Officer |
On March 18, 2013, Lockheed Martin Corporation (the “Corporation”) issued a press release announcing senior leadership changes. On March 18, 2013, the Corporation’s Board of Directors approved the appointment of Orlando D. Carvalho as Executive Vice President of the Aeronautics business area and the election of Lorraine Martin as vice president and general manager of the F-35 Lightning II program, each effective immediately. The appointments reflect the retirement of Larry Lawson effective April 5, 2013.
A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| Exhibit |
Description | |
| 99.1 |
Press Release of the Corporation dated March 18, 2013 | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LOCKHEED MARTIN CORPORATION | ||
| By: | /s/ Marian S. Block | |
| Marian S. Block | ||
| Vice President & Associate General Counsel | ||
March 18, 2013
EXHIBIT 99.1
News Release
LOCKHEED MARTIN NAMES ORLANDO CARVALHO EXECUTIVE VICE PRESIDENT, AERONAUTICS; LORRAINE MARTIN TO LEAD F-35 PROGRAM
Larry Lawson to Retire
BETHESDA, Md., Mar. 18, 2013 – Lockheed Martin Corporation [NYSE: LMT] announced that its board of directors has approved the appointment of Orlando Carvalho, 54, to executive vice president of the Aeronautics business area, and Lorraine Martin, 50, as vice president and general manager of the F-35 Lightning II program. The board also elected Martin a corporate officer. Both appointments are effective immediately and follow the retirement of Larry Lawson, 55, on April 5 after 26 years with Lockheed Martin.
“I’d like to thank Larry for the many contributions he’s made to our success in his 26-years of dedicated service,” said Marillyn Hewson, Lockheed Martin chief executive officer and president. “He has had a distinguished career at Lockheed Martin and we wish him the best in his retirement.”
“Orlando and Lorraine are impressive leaders who have consistently demonstrated their ability to build strong customer relationships, successfully manage complex programs, and inspire our teams,” continued Hewson. “These appointments are examples of our deep bench of talent and demonstrate the value of our robust succession planning efforts.”
“Orlando is a proven leader with nearly 33 years of experience with Lockheed Martin, a strong record of achievement, and a keen understanding of our customers and their mission.”
Since joining Aeronautics in 2011, Carvalho has been responsible for the performance of all aspects of the F-35 Lightning II program, the U.S. government’s largest and most complex development and production program. Under his leadership, the F-35 program has delivered impressive results, including consistently exceeding the flight test plans; significantly improving on-schedule delivery of the Mission Systems and Autonomic Logistics Information System software releases; delivering 30 aircraft in 2012 while increasing affordability; and supporting the launch of training operations at Eglin AFB and the stand up of the first Marine Corps and Air Force operational F-35 bases.
Prior to joining Aeronautics, Carvalho led Lockheed Martin’s Mission Systems & Sensors, a business with more than $6 billion in sales and 15,000 employees delivering systems engineering, software development and program management in support of the U.S. Navy, Coast Guard, Air Force, Army and Marine Corps, and customers in 50 nations. Throughout his career, Carvalho has held a series of increasingly responsible positions in the company’s Electronic Systems and Aeronautics business areas. He holds a master’s degree in business administration from the University of Maryland and a bachelor’s degree in Mathematics from Fairfield University.
“As a seasoned leader with nearly 25 years of Lockheed Martin experience, Lorraine has a proven track record of driving operational excellence and has been instrumental in improving the F-35 program performance and delivering outstanding results for our customers,” continued Hewson.
As Vice President and Deputy of the F-35 program, Martin has been responsible for partnering with Carvalho to oversee the F-35 system development and demonstration program, transition from development to production, flight testing, and global deployment and sustainment for 13 military services in nine partner countries.
Since joining the Aeronautics business area in 2008, Martin has led the C-130 and C-5 programs, where she was responsible for all aspects of the design, delivery and sustainment of these successful aircraft programs. She also led the Flight Solutions business, where she was responsible for developing and delivering U.S. and international military aircrew training programs, including the F-35 training system. Martin began her Lockheed Martin career in 1988, after serving five years as an officer in the U.S. Air Force, and has held a number of leadership positions of increasing responsibility in the company’s Electronic Systems, Information Systems & Global Solutions and Aeronautics business areas. She holds a master’s degree in Computer Science from Boston University and a bachelor’s degree in Computational Mathematics from DePauw University.
Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 120,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. The Corporation’s net sales for 2012 were $47.2 billion.
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Media Contacts:
Andrea Greenan, 301-897-6210, andrea.m.greenan@lmco.com
Joe LaMarca, 817-777-6736, joseph.lamarca@lmco.com