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Lockheed Martin Establishes Five Business Lines In New MS2 Operation

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Lockheed Martin [LMT] on Wednesday said it has created five business lines within its new Mission Systems & Sensors (MS2) operating company, which was set up on Jan. 1 to reflect the consolidation of two previous businesses in the company's Electronic Systems business, Maritime Systems & Sensors and Systems Integration- Owego. With the realignment, which was announced in November, Lockheed Martin will shed about 1,200 jobs from the MS2 business (Defense Daily, Nov. 17, 2009). Employee notices will be made…

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