BETHESDA, Md., Oct. 7, 2021 /PRNewswire/ -- Lockheed Martin
(NYSE: LMT) today announced that Space Executive Vice
President Richard F. Ambrose has decided to retire on
March 1, 2022, after more than 20
years of service to the company. He will remain in his current
role until a successor is announced.
Ambrose joined Lockheed Martin in 2000 and served as the
president of the Information Systems & Global
Solutions-National business; vice president and general manager of
the Surveillance and Navigation Systems line of business within
Space; and vice president and general manager of Mission Systems
and Sensors' Tactical Systems.
"We are grateful to Rick for all his contributions to our
company and for his strategic leadership of our $11 billion Space portfolio that provides
advanced technology and mission-driven solutions for national
security, civil and commercial customers," said Lockheed Martin
Chairman, President and CEO James Taiclet. "I join the
Lockheed Martin team in thanking him for his service and wishing
him all the best in his upcoming retirement."
"I have thoroughly enjoyed my two decades at Lockheed Martin and
I'm especially proud of our accomplishments at Space," said
Ambrose. "What we've been able to achieve as a team has been
nothing short of amazing – from the world-changing innovations
we've developed to the enduring relationships with our customers, I
feel both privileged and humbled."
After a successor is announced, Ambrose will serve as a
strategic advisor to ensure a smooth transition.
About Lockheed Martin
Headquartered in Bethesda,
Maryland, Lockheed Martin
Corporation is a global security and aerospace company that employs
approximately 114,000 people worldwide and is principally engaged
in the research, design, development, manufacture, integration and
sustainment of advanced technology systems, products and
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announcements and news across the company.
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SOURCE Lockheed Martin