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6/29/2003

Lockheed creates new unit

The Associated Press

BETHESDA, Md. — Defense contractor Lockheed Martin announced Friday that it has formed a new business unit to provide “network-centric” integrated systems.

Customers looking to work with various systems are moving away from “platform-centric” operations, said Vance Coffman, Lockheed Martin’s chairman and chief executive.

“They are looking for ways to synthesize data from all of these systems to get a clearer picture of what’s going on in any given situation — on the battlefield or otherwise — so they can make faster, more informed decisions,” Coffman said.

The Integrated Systems and Solutions unit will comprise two existing Lockheed Martin companies — Management & Data Systems in Valley Forge, Pa., and Mission Systems in Gaithersburg, Md.

The new unit will be based in Gaithersburg and be led by Albert Smith, executive vice president of the corporation’s Space Systems business.

The unit will employ about 11,000 and have major facilities in several communities, including Denver and Colorado Springs.

Experts in space, air and ground systems will work in the unit. The change means Lockheed Martin’s Systems Integration business area will be renamed Electronic Systems.