Lockheed Martin Restructures Maritime Unit

Monday, August 04, 2003
In a move it describes to strengthen its competitive advantage in design and integration of combat systems and sensors for maritime and related markets, Lockheed Martin is further integrating its naval electronics and surveillance systems units into a single business enterprise called Maritime Systems & Sensors (MS2). This restructured company, with more than 11,000 employees, has significant operations in Akron, Ohio; Archbald, Pa.; Baltimore, Md.; Eagan, Minn.; Manassas, Va.; Syracuse, N.Y.; Moorestown, N.J.; Clearwater and Riviera Beach, Fla., as well as satellite operations in more than 70 locations, including 22 overseas. "Our objective is straightforward. We intend to improve our competitive advantage and offer our current and future customers the best solutions at the most affordable price," said Fred P. Moosally, president of the new MS2 enterprise. "We are restructuring our business to operate as a single enterprise. Common processes, systems and tools will enhance our ability to quickly deploy our talented people and other resources across lines of business in pursuit of new opportunities and to best serve current customers. Our allegiance is to our customers first." The MS2 restructuring, to be accomplished over two years, will include adopting a single financial system, implementing common processes in all disciplines, and reviewing manufacturing capacity and redundancy. Combined, these initiatives will result in the elimination of some positions across MS2. The number of employees affected is expected to be minimal as a result of normal attrition over the two-year implementation period. "As one team, the men and women of MS2 will perform to the highest standards, listen to our customers, take pride in our work and offer inventive solutions to complex challenges," Moosally said.
Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Electronics

Raytheon Anschütz Opens Service Center in Panama

German navigation system manufacturer Raytheon Anschütz has established its new subsidiary Raytheon Anschuetz Panama, S. de R.L., in Panama City.   The new company,

Kongsberg Expands Louisiana Office, Training Facility

Kongsberg Maritime has purchased approximately 5.2 acres for new construction on an 82,980 sq ft office and training facility. Construction on the James Business

BCG Delivers Training Upgrades

Buffalo Computer Graphics delivered upgrades to Columbia Pacific Maritime in Portland and The River School in Memphis,. The River School ordered additional laptop

Offshore

BOEM Issues Supplemental Environmental Impact Statement

The U.S. Department of the Interior, Bureau of Ocean Energy Management (BOEM), announces the availability of the Draft Supplemental Environmental Impact Statement

Europe's Offshore Wind Capacity Growing

New capacity edges down 5 pct from record 2013; industry body forecasts stable growth over 2015/6. Europe's offshore wind capacity kept up a steady rate of growth

Damen Delivers Custom-Made Offshore Winches to Fugro

Damen Maaskant Shipyards, part of Damen Shipyards Group, has delivered two dedicated offshore winches to Fugro. The Dutch shipyard was responsible for the design,

 
 
Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1899 sec (5 req/sec)