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March 19, 2013

Lockheed Aeronautics exec takes job with Spirit AeroSystems

Larry Lawson, the top Lockheed Martin Aeronautics exec who was said Monday to be "retiring," is actually leaving Lockheed to take another job: president and chief executive officer at Spirit AeroSystems.

Late Monday, Lockheed announced that Orlando Carvalho, 54, would take over as executive vice president in charge of the Fort Worth-based aeronautics unit upon Lawson's departure. The company, under intense Pentagon scrutiny over the costs of the F-35 program, said Lawson, 55, would retire after 26 years with the defense giant.

Today, Spirit -- which makes structures and components for Boeing and Airbus planes -- announced Lawson's hiring. Here is the full press release. 

WICHITA, Kan., March 19, 2013 /CNW/ - Spirit AeroSystems, Inc. [NYSE:
SPR] announced today that its board of directors has named Larry A.
Lawson, president and chief executive officer, effective April 6, 2013.
Mr. Lawson, formerly executive vice president of Lockheed Martin
Aeronautics business segment, succeeds Jeff Turner who has been Spirit's
CEO since the company's formation in 2005. Mr. Turner is expected to
remain on Spirit's board of directors.

"The board sought a CEO armed with a strong record of operating and
financial performance on both mature and new aircraft programs with the
ability to take Spirit to the next level," said Bob Johnson, board
chairman of Spirit AeroSystems. "Larry met all of the board's criteria.
He is a well-known and highly respected leader in the industry and has
outstanding experience managing multiple premier aircraft platforms
efficiently and profitably across a large- scale business."

"Spirit is uniquely positioned in the expanding commercial aircraft
market," said Lawson. "I look forward to extending Spirit's strong
performance in its core business while driving continuous improvement
and greater consistency in the company's development programs. I am
excited to work with the team to bring our operational and cost
performance to its full potential."

Lawson began his career as a flight control engineer working on the F-15
Eagle at McDonnell Douglas. He has since held a broad range of
leadership positions in engineering, advanced development, business
development, and program management in a career spanning more than 30
years. In his work at Lockheed Martin, Lawson has overseen key aircraft
production programs such as the F-35, F-22, F-16, C- 130J, and C-5,
including highly classified programs in the world-renowned Skunk
Works(R) organization. Lockheed Martin Aeronautics segment reported $15
billion in revenue in 2012.

He holds a bachelor's degree in Electrical Engineering from Lawrence
Technological University, where he also serves on the board of trustees,
has a master's degree in Electrical Engineering from the University of
Missouri, and is a graduate of the Harvard Business School Advanced
Management Program and an MIT Seminar XXI Fellow. While he was executive
vice president/general manager of the F-22 Raptor, the program was
awarded the Collier Trophy as the most significant accomplishment in
aerospace for 2006.

"The board wishes to express warm thanks to Jeff Turner for his
dedication as CEO, and for his vision and leadership in creating Spirit
by transforming a former OEM supply division into a premier
taerostructures manufacturer," said Johnson. "Jeff has built a truly
world class business in Spirit."

Spirit AeroSystems is one of the world's largest non-OEM designers and
manufacturers of aerostructures for commercial aircraft. The company has
more than $5 billion in annual revenue with a current backlog in excess
of $35 billion. Every Boeing commercial aircraft in production contains
Spirit hardware, as does a majority of the Airbus fleet.


-- Steve Kaskovich


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