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Friday, Oct 21, 2016

Rotary and Mission Systems Business

  • New name reflects the expanded portfolio of former Mission Systems and Training business

Lockheed Martin (NYSE: LMT) has renamed its Mission Systems and Training business area, establishing Rotary and Mission Systems to reflect the recent growth of the business following the acquisition of Sikorsky and realignment of other parts of the company.

The Rotary and Mission Systems (RMS) portfolio features more than 1,000 programs, including helicopters, integrated air and missile defense, littoral warfare, undersea warfare, radar, electronic warfare, cyber solutions, C4ISR, and training and logistics systems. The business area supports the U.S. Air Force, Army, Coast Guard, Missile Defense Agency, Marine Corps and Navy, as well as intelligence, civil, commercial and international military customers.

“The new name captures the breadth of our expanded portfolio and reflects the skills and expertise of the 18,000 new employees who have joined our business,” said Dale Bennett, executive vice president of Lockheed Martin Rotary and Mission Systems. “While the name has changed, we have retained our passion for innovation and our commitment to supporting the missions of our customers around the world.”

In November 2015, Lockheed Martin finalized the acquisition of Sikorsky Aircraft, aligning it under the former Mission Systems and Training (MST) business area as “Sikorsky, A Lockheed Martin Company.” Since then, the division also added new capabilities from Lockheed Martin Information Systems & Global Solutions (IS&GS) and Missiles and Fire Control (MFC) Technical Services, including government cyber security solutions, and mission support services. The new name more accurately reflects this expanded portfolio. The name change will be effective Sept. 5, 2016, and does not reflect any change in the organization or mission of RMS.

Rotary and Mission Systems includes five lines of business:

  • C4ISR & Undersea Systems
  • Integrated Warfare Systems and Sensors
  • Ship and Aviation Systems
  • Sikorsky, a Lockheed Martin Company
  • Training and Logistics Solutions

Source : Lockheed Martin Corporation (NYSE: LMT) - view original press release

Published on ASDNews: Aug 4, 2016


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