Lockheed Martin CEO To Retire

Posted by: Alex Robinson Posted date: April 28, 2012 In: Defense

Lockheed Martin (NYSE:LMT)’s CEO has decided to retire in December.

Lockheed Martin CEO To Retire

After eight years in the job, Robert J. Stevens, chief executive of Lockheed Martin (NYSE:LMT) is planning to retire in December.

Chris Kubasik, president and chief operating officer of Lockheed Martin (NYSE:LMT), will take on the role at the start of the New Year.

Lockheed Martin (NYSE:LMT) said that Stevens will stay on as chairman through January 2014, subject to shareholder election and board approval.

Lockheed Martin (NYSE:LMT) shares are currently standing at 91.70.

Price History
Last Price: 91.70
52 Week Low / High: 66.36 / 92.24
50 Day Moving Average: 89.38
6 Month Price Change %: 21.2%
12 Month Price Change %: 15.8%