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Lockheed Martin Splitting Electronic Systems Into Two Business Areas

Defense Daily Staff Defense Daily Staff
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Lockheed Martin [LMT] on Monday said that it will restructure its Electronic Systems segment into two new business areas beginning on Dec. 31, a move the company says will save it about $50 million annually and better align operations with their customers. Electronic Systems, which is one of four current business areas, will give way to Missiles and Fire Control (MFC) and Mission Systems and Training (MST). Both new business areas will take on various operations of the Global Training…

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