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Lockheed Martin Opens 2012 With Strong Financials; Kubasik Elected CEO

Defense Daily Staff Defense Daily Staff
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Bolstered by strong operating results at its business segments, Lockheed Martin [LMT] yesterday posted a double-digit increase in first quarter earnings amid solid sales and the company announced plans for an orderly leadership succession that will see Chris Kubasik, president and chief operating officer (COO), take over for Bob Stevens as CEO next January. Stevens, who became CEO in 2004 and has been with Lockheed Martin for 25 years, will remain as company’s chairman through January 2014, subject to approval…

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