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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Electronics

Wärtsilä REvolution system takes sealing technology to New Level

The new Wärtsilä REvolution system is a digital management system that controls, monitors, records and analyses the performance of seals autonomously in real time,

B&G Software Upgrade for Zeus2 and Vulcan Chartplotter

B&G, the world’s leading sailing navigation and instrument specialist has upgraded its latest software for the full range of Zeus2 and Vulcan chartplotters. The

KVH Promotes Bruun to COO

KVH Industries has  announced  that Brent Bruun, currently executive vice president of mobile broadband for the company, has been promoted to the newly created

Offshore

Det Norske to Restore Production at Alvheim after Leak

Norwegian oil firm Det norske said it expected to reach full production at its Alvheim FPSO (floating storage, offloading and producing unit) overnight after a leak,

Damen Presents Decommissioning Vessels Concept

Damen Shipyards Group has announced its latest concept design: the Damen Decommissioning Series. The vessel will specialize in three core areas of the oil and gas

Cambodia Urged ASEAN to Avoid Words That Escalate Tension

Cambodia advised a grouping of South East Asian nations to avoid using words that "would escalate tension between China and the Philippines" in a weekend statement,

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | 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: 0.0756 sec (13 req/sec)