Lockheed Martin (LMT, Financial) announced the departure of its Chief Financial Officer, Jesus Malave, and appointed Evan Scott, a seasoned company insider, as his successor, effective immediately. Evan Scott has been with Lockheed Martin for over 20 years, serving as Treasurer and CFO for two different business segments of the American defense company.
Malave is stepping down after a tenure of just over three years, during which Lockheed Martin was negotiating its acquisition of Aerojet Rocketdyne with U.S. regulators. The acquisition ultimately did not proceed, as Aerojet Rocketdyne was acquired by L3Harris Technologies instead.
Lockheed Martin reaffirmed its 2025 performance forecast, excluding the impact of changing tariffs and recent announcements regarding the "Next Generation Air Dominance" program. In January, the Maryland-based company projected its 2025 earnings per share to be between $27 and $27.30, aligning with analysts' expectations of $27.17 per share, according to data compiled by LSEG. The company plans to release its first-quarter results on April 22.
Lockheed Martin's stock fell by over 5% in early trading.
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