Sign In
Search
Business/Financial

Lockheed Martin CFO Abruptly Retires

Cal Biesecker By
SHARE:
Lockheed Martin CFO Abruptly Retires
John Mollard, Lockheed Martin’s acting chief financial officer. Photo: Lockheed Martin

Lockheed Martin [LMT] late Tuesday afternoon announced that its chief financial officer, Kenneth Possenriede, had decided to retire immediately for personal reasons after 35 years with the company. John Mollard, the company’s treasurer, has been named acting CFO on an interim basis. Mollard has been with the company 38 years. Possenriede’s abrupt retirement was a surprise. He was named CFO in February 2019, reporting to Marillyn Hewson, who at the time was Lockheed Martin’s chairman, president and CEO. James Taiclet,…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

AIRO, Ukraine’s Nord Drone, Plan On Joint Venture To Scale Production, Increase Offerings

Business/Financial

Tax Benefit Boosts SAIC’s Income In Second Quarter But Sales Dip On Federal Contracting Challenges

Business/Financial

AV Swings To Loss In First Quarter On BlueHalo Deal As Sales Soar

Business/Financial

Redwire Opens New Facility To Support Space-Based Defense

Trending

Kopin Nabs Award To Build Color MicroLED Displays By 2027, As Army Eyes Tech For SBMC
Investors Buoyant As Apex Raises $200 Million To Expand Satellite Bus Production Capacity
Redwire Opens New Facility To Support Space-Based Defense
Houses Passes FY ‘26 NDAA With $848 Billion Pentagon Topline, Major Acquisition Reforms
Kelly and Cramer Found Senate Defense Modernization Caucus

Contract Updates

BAE Systems Space & Mission Systems Inc. (Boulder, Colorado) – $48,000,000

BAE Systems Space & Mission Systems Inc., Boulder, Colorado, was awarded a $48,000,000 firm-fixed-price contract for the study, design, development, enhancement, testing, and procurement of advanced communication-electronics technologies. Bids were solicited via the internet with one received. Work locations and…

Portus Stevedoring LLC (Jacksonville, Florida) – $8,292,583

Portus Stevedoring LLC, Jacksonville, Florida, is awarded a not-to-exceed $8,292,583 firm-fixed-price, indefinite-delivery/indefinite-quantity contract with a five-year ordering period for stevedoring and related terminal services. This contract provides for full range of stevedoring and related terminal services to include the receipt,…

Foster Miller doing business as QinetiQ North America (Waltham, Massachusetts) – $11,310,230

Foster Miller, doing business as QinetiQ North America, Waltham, Massachusetts, is awarded an $11,310,230 firm-fixed-price modification to a previously awarded indefinite-delivery/indefinite-quantity contract (N00174-21-D-0019) to exercise Option Year Four for production, engineering support, and post-production support of the MK 2 Man…

EnergySolutions Services Inc. (Oak Ridge, Tennessee) – $13,336,650

EnergySolutions Services Inc., Oak Ridge, Tennessee, is being awarded a $13,336,650 firm-fixed-price, indefinite-delivery/indefinite-quantity contract action (N42158-25-D-E001) for nuclear services for the processing, recycling and disposal of radiologic materials through disassembly, decontamination, metal melting, compaction, incineration, resin sluicing/dewater, bulk waste assay…

The Force Multipliers

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Force Multipliers

Chris Wilson – Qlik

Force Multipliers

Tim Solms – Slingshot Aerospace

Job Feed

Post a Job // Post a Resume