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Business/Financial

Lockheed Martin Space To Consolidate Business Lines

By Cal Biesecker

Friday, May 5th, 2023

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Lockheed Martin Space To Consolidate Business Lines

Robert Lightfoot, executive vice president, Lockheed Martin Space. Photo: Lockheed Martin

Lockheed Martin [LMT] last week said its Space segment will reorganize its business lines in the coming months, going from five to three lines to better keep up with customer needs, speed innovation and bolster competitiveness. The new alignment continues the Commercial Civil Space, and the Strategic and Missile Defense Systems lines, and adds National Security Space, which combines the current Military Space and Mission Solutions lines and Special Programs. “With an eye toward the future and building on our…

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