Lockheed Martin [LMT] on Wednesday said it has created five business lines within its new Mission Systems & Sensors (MS2) operating company, which was set up on Jan. 1 to reflect the consolidation of two previous businesses in the company’s Electronic Systems business, Maritime Systems & Sensors and Systems Integration- Owego.
With the realignment, which was announced in November, Lockheed Martin will shed about 1,200 jobs from the MS2 business (Defense Daily, Nov. 17, 2009). Employee notices will be made in April, the company said. Last year, the Owego business lost around 1,000 jobs following the termination of the Navy’s Presidential helicopter program and the cancellation of a competition for an Air Force search and rescue helicopter.
Under the new MS2 alignment, the five lines of business are: Ship & Aviation Systems, led by Daniel Schultz; Undersea Systems, led by Denise Saiki; New Ventures, led by Jeff Napoliello; Surface Sea-based Missile Defense Systems, led by Jeff Bantle; and Radar Systems, led by Carl Bannar.
The ground vehicle work that had been performed at Owego, including the Joint Light Tactical Vehicles (JLTV) program, is now part of Lockheed Martin Missiles and Fire Control. The company said that this move will strengthen the program by aligning JLTV with the company’s expertise and experience in working on Army and Marine Corps missile launcher programs as well as the high volume manufacturing at Missiles and Fire Control.