Lockheed Martin Corporation
Lockheed Martin Appoints New Chief Financial Officer
Summary
Lockheed Martin Corporation announced on April 17, 2025, the departure of its Chief Financial Officer, Jay Malave, who is pursuing other opportunities. Evan T. Scott has been appointed as the new CFO, effective immediately. The appointment comes with changes to Mr. Scott's compensation, including an increase in base salary to $850,000 and a target annual incentive award of 125% of base salary. The company also announced that its first quarter 2025 earnings results webcast will take place on April 22, 2025.
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About Lockheed Martin Corporation
Lockheed Martin Corporation is a prominent player in the aerospace, defense, and security sectors, globally recognized for its advanced technology and innovation. Primarily engaged in the research, design, development, manufacture, and integration of advanced technology systems, Lockheed Martin plays a crucial role in supporting national and international security. The company's extensive portfolio includes aeronautics, rotary and mission systems, space systems, and missiles and fire control. Its aeronautics division is renowned for producing fighter jets like the F-35 Lightning II and the F-22 Raptor, while its space segment focuses on satellite systems and space exploration initiatives. Lockheed Martin serves a diverse clientele, including the U.S. Department of Defense, allied nations, civil markets, and commercial clients, leveraging its vast technological capabilities to enhance security and defense infrastructures. With a significant presence across the globe, Lockheed Martin Corporation not only fosters innovation in defense but also impacts critical areas such as cybersecurity, energy, and logistics, solidifying its integral role in the defense industry.
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