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 March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Electronics

Maersk to Install Transas ECDIS on 100 Vessels

Maersk Line, the world's largest container company, has selected Transas Marine for ECDIS implementation on more than 100 vessels, Transas announced today. The

KVH Outlines Ship-to-Shore Connectivity

The next generation of connectivity between ship and shore will be dominated by the development of applications to help ship owners and managers reduce costs by enhancing operational efficiency,

MARIN, Cruden, Tree C Technology Forge Small Ship Simulator

Severe vibrations and shocks of up to 9G over an average of 1000 hours per year. That’s what instructors of fast small ships such as the Fast Raiding, Interception

Offshore

Keppel FELS Delivers 11th Jackup to Mexico

Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered a KFELS B Class jackup rig to Mexican national oil company,

North Sea Oil: Harkand wins Maersk Oil North Sea Deal

Harkand won a multi-million contract with Maersk Oil North Sea Ltd for the provision of DSV services in the North Sea region. The 12-month contract will be serviced by Harkand’s two DSVs,

China's Air Drills Roil South China Sea Waters

China's air force conducted its first drill above the western Pacific Ocean on Monday, the Defence Ministry said, in a move that could exacerbate tensions with

 
 
Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Ship Electronics 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: 0.1860 sec (5 req/sec)