:

Business/Financial

Lockheed Martin CFO Abruptly Retires

By Cal Biesecker

Wednesday, August 4th, 2021

SHARE:

Lockheed Martin CFO Abruptly Retires

John Mollard, Lockheed Martin's acting chief financial officer. Photo: Lockheed Martin

Lockheed Martin [LMT] late Tuesday afternoon announced that its chief financial officer, Kenneth Possenriede, had decided to retire immediately for personal reasons after 35 years with the company. John Mollard, the company’s treasurer, has been named acting CFO on an interim basis. Mollard has been with the company 38 years. Possenriede’s abrupt retirement was a surprise. He was named CFO in February 2019, reporting to Marillyn Hewson, who at the time was Lockheed Martin’s chairman, president and CEO. James Taiclet,…

Missile Defense

Guetlein On Golden Dome: ‘We Cannot Protect This Nation And Bankrupt It At The Same Time’

While there has been criticism among missile defense advocates of Golden Dome’s development pace after the signing of an executive order in January last year, Space Force Gen. Michael Guetlein, […]

Missile Defense

Interview with Rep. Jeff Crank (R-Colo.), co-chair of the Golden Dome Caucus

Rep. Jeff Crank (R-Colo.), a co-chair of the Golden Dome Caucus in Congress and a member of the House Armed Services Committee’s strategic forces panel, discusses the transformative defense investments […]

Space

Space Force PAE For Infrastructure Completing Move To Colorado Springs

U.S. Space Force Space Systems Command’s (SSC) Portfolio Acquisition Executive (PAE) for infrastructure–a $4 billion contracting hub for SSC–is completing a move from Los Angeles Air Force Base, Calif. to […]

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]