Lockheed Martin announced today that it was reorganizing one of its main business units into two separate divisions. The changes mean Grand Prairie-based Lockheed Martin Missiles and Fire Control will become becoming one of the five distinct corporate divisions along with Lockheed Martin Aeronautics in Fort Worth.
As a result of the changes that become effective December 31, Rick Edwards, a missiles unit executive, will become a Lockheed executive vice president and will head the division. He will replace the longtime head of the division, Jim Berry, who is retiring.
The missiles business will have 16,000 employees at several site and will remain based in Dallas within Grand Prairie actually). Some of its high-profile programs will include the Terminal High Altitude Area Defense System, Joint Light Tactical Vehicle, PAC-3 Missiles, as well as logistics and other technical services.
The reorganization of Lockheed electronic systems into two units comes with the ascension of Christopher Kubasik to the position of CEO in January with the retirement of Robert Stevens.