Lockheed CEO Marillyn Hewson Elected to 2016 Wash100 for Strategy Shift, Shareholder Value Leadership


Executive Mosaic is glad to unveil Lockheed Martin (NYSE: LMT) CEO Marillyn Hewson as an inductee into the 2016 edition of the Wash100 — Executive Mosaic’s annual selection of the most influential voices in the government contracting arena.

The three-decade and lifelong Lockheed veteran became chief executive of the world’s largest defense contractor in January 2013 and she also holds the titles of president and chairman of the board of directors at the Bethesda, Md.-based company.

This is the second consecutive year Executive Mosaic has selected Hewson to the Wash100.

In 2015, Hewson steered the company through two moves that represented large changes in the overall GovCon market’s composition: the $9 billion acquisition of Sikorsky Aircraft from United Technologies Corp. (NYSE: UTC) and the process to separate Lockheed’s government information technology and technical services business.

Lockheed’s divestiture of its services business marks a greater shift toward aerospace and defense markets the company views as core to growth and offers a new opportunity for the IT unit to expand its footprint under a new structure, Hewson told investors in a July conference call to discuss both moves.

“We think if we can stand it up as a standalone company or if it’s attractive to buyout when we can get the right price for it, that’s the best for that business to go forward,” she said then.

Reston, Va.-based government services contractor Leidos Holdings (NYSE: LDOS) will merge with those IT and services businesses in a Reverse Morris Trust transaction worth an estimated $5 billion to Lockheed shareholders through a one-time $1.8 billion payment and approximately $3.2 billion of stock in the combined entity.

“This transaction is an important milestone in the portfolio shaping strategy and allows to focus on our core business in aerospace and defense,” she said in a January conference call to discuss Lockheed’s full 2015 results with investors.

The company exceeded Wall Street’s expectations for full-year 2015 earnings and revenue as well as the fourth quarter analyst outlook.

Capital return to shareholders has also been a major focus of Lockheed during Hewson’s tenure to-date as the company has allocated close to $6.8 billion for stock repurchases over three years.

Lockheed’s earnings per share have risen 37 percent in the three years since her CEO appointment with a 31-percent increase in profit over that period against a nominal decline of 2 percent in sales from 2012.

Also in that three-year span, shares in Lockheed have risen 161 percent.

Forbes magazine ranked Hewson 20th in the publication’s 2015 list of “The 100 Most Powerful Women in the World,” which also includes another 2016 Wash100 selection in General Dynamics (NYSE: GD) CEO Phebe Novakovic.

Executive Mosaic congratulates Marillyn Hewson and the Lockheed Martin team for their selection to receive this award.

About The Wash100

This year represents our fifth annual Wash100 award selection. The Wash100 is the premier group of private and public sector leaders selected by Executive Mosaic's organizational and editorial leadership as the most influential leaders in the GovCon sector. These leaders demonstrate skills in leadership, innovation, achievement, and vision.

Related Media

Media Published
Robert Mullins, Stephanie Hill to Assume New Leadership Roles at Lockheed 09/25/2018
Lockheed CEO Marillyn Hewson Leads 2018 Most Powerful Women List, Shares Insight on Defense Landscape 09/25/2018
Report: Defense Execs See Potential Business Opportunities in Hypersonics 08/30/2018
Michele Evans to Succeed Orlando Carvalho as Lockheed Aeronautics Head; Marillyn Hewson Quoted 08/23/2018
Lockheed Hits Employment Goal for F-35 Program; Marillyn Hewson Comments 07/24/2018
Lockheed’s Marillyn Hewson: ‘Holistic View of Workforce Dev’t Needed to Address Skills Gap in A&D Industry’ 07/20/2018
Lockheed Pledges to Help Boost U.S. Aerospace & Defense Workforce; Marillyn Hewson Comments 07/20/2018
Lockheed Chief Marillyn Hewson Named 2018 ‘CEO of the Year’ 05/10/2018
Lockheed’s Marillyn Hewson Chosen as 2018 CEO of the Year 05/09/2018
Lockheed CEO Marillyn Hewson Talks Public-Private Partnerships at Global Aerospace Summit 05/01/2018
Marillyn Hewson: Lockheed ‘Well Positioned’ to Compete for Air Force GPS III Follow-On Program 04/25/2018
Lockheed CEO Marillyn Hewson Earns Edison Award for Industry Contributions 04/13/2018
Lockheed CEO Marillyn Hewson receives Edison Achievement Award 04/12/2018
Saudi Arabia’s defense minister visits Lockheed’s Silicon Valley facility; Marillyn Hewson comments 04/10/2018
Saudi Crown Prince Tours Lockheed’s Sunnyvale, Calif. Facility; Marillyn Hewson Comments 04/09/2018
Lockheed Debuts South Korea’s 1st F-35A; Marillyn Hewson Comments 03/29/2018
Lockheed’s Marillyn Hewson: Tariff Measure Seeks to Protect US Intellectual Property 03/26/2018
Lockheed’s Marillyn Hewson to Present at UAE Aerospace Industry Summit 03/13/2018
Marillyn Hewson: Lockheed, DoD in Talks Over F-35 Lot 11 03/09/2018
Marillyn Hewson: InSight, Orion Spacecraft Back Lockheed’s Part in Future Mars Missions 03/08/2018
Marillyn Hewson: Lockheed Seeks to Reduce F-35A Cost to $80M Per Aircraft by 2020 03/06/2018
Lockheed CEO Marillyn Hewson Selected to 2018 Wash100 for F-35 Program Excellence and Financial Achievement 02/22/2018
Richard Edwards, EVP of Lockheed’s International Arm, Added to 2018 Wash100 for International Growth Strategy Leadership 02/12/2018
Lockheed’s Marillyn Hewson Receives Howard Hughes Memorial Award 02/09/2018
Richard Edwards, Frank St. John Take New EVP Roles at Lockheed; Marillyn Hewson Comments 01/09/2018
Jeh Johnson, James Taiclet Elected to Lockheed Board of Directors; Marillyn Hewson Comments 12/11/2017
Lockheed, University Form Tech R&D Partnership to Support ‘Saudi Vision 2030’; Marillyn Hewson Comments 11/16/2017
Report: UAE, Lockheed Seal $1.6B F-16 Upgrade Deal 11/13/2017
Lockheed Martin’s Marillyn Hewson Meets UAS Payload Design Challenge Finalists in UAE 11/13/2017
Reports: Germany Wants Lockheed-Built F-35 for Tornado Fighter Aircraft Replacement 11/10/2017
Marillyn Hewson: Extended Continuing Resolution Would Affect 2018 Lockheed Orders 10/25/2017
Stephanie Hill Named Lockheed Corporate Strategy, Business Devt SVP; Marillyn Hewson Comments 08/31/2017
Marillyn Hewson: Lockheed Supports Trump Admin’s Efforts to Protect US Intellectual Property 08/18/2017
Lockheed’s Marillyn Hewson ‘Hopes’ Congress Reaches Agreement Over Fiscal 2017 Defense Budget 04/26/2017
Marillyn Hewson: Lockheed Aims to Reduce F-35A Cost to $85M Per Aircraft by 2019 03/23/2017
Report: Lockheed Aims to Save $5B on F-35 Program Amid Lot 11 Contract Negotiations 03/22/2017
Lockheed CEO Marillyn Hewson Inducted Into 2017 Wash100 for Intl Market Focus & F-35 Leadership 02/10/2017
Reports: DoD Seals $8.5B Deal With Lockheed for 90 F-35s 02/06/2017
President Trump: Lockheed Cuts Price on Next F-35 Production Lot 01/31/2017
White House to Discuss Job Creation Efforts With Industry Execs 01/30/2017
Report: Trump Discusses Plans to Cut Taxes, Regulations With Company Leaders 01/25/2017
January 24 Market Close: GovCon Index Advances With Boeing Lift, Lockheed Drags on Dimmed Guidance & Sikorsky Material Weakness 01/24/2017
Report: Lockheed, DoD Eye Potential $9B Deal on Next F-35 Batch by End of January 01/20/2017
Boeing CEO Says Progress Made on ‘Simplifying Requirements’ for Air Force One After Trump Meeting 01/17/2017
Lockheed CEO: New Deal to Cut Costs on Next F-35 Line ‘Close’ 01/13/2017
Sen. John McCain Issues Statement on F-35 Program Schedule Delay, Cost Overrun 01/13/2017
Deborah Lee James: Super Hornets Cannot Replace F-35 Fighters 01/09/2017
Lockheed CEO Marillyn Hewson Offers Trump ‘Personal Commitment’ to Reduce F-35 Cost 12/27/2016
Trump Asks Boeing for Super Hornet Competing Price Following Comments on F-35 Cost 12/23/2016
Lockheed’s Marillyn Hewson Talks Govt-Industry Partnership’s Role in ‘Innovative Entrepreneurship’ at Canadian Aerospace Summit 11/16/2016
Lockheed's Marillyn Hewson: Sustained Investment, Interoperability & Talent Key to NATO's Tech Edge 11/11/2016
Lockheed Chief Marillyn Hewson Offers 3 Ideas to Maintain NATO's Tech Edge 11/10/2016
Lockheed Boosts Intl Sales Goal to 30% on F-35, Missile Defense Prospects 10/25/2016
Nikkei: Lockheed, Mitsubishi Submit Joint Response to Japan's F-2 Replacement RFI 10/17/2016
Lockheed Unveils Initial F-35A for Japan Air Self Defense Force; Marillyn Hewson Comments 09/26/2016
Lockheed to Support Troops, Veterans Through United Services Organization’s Orlando Facility 09/22/2016
DoD, Lockheed Eye F-35 Program Savings Through 2 Cost Reduction Strategies 07/12/2016
Lockheed, Israel Launch Country's First F-35A Jet 06/23/2016
Lockheed Awaits UK Regulatory Review Over Leidos Deal; IS&GS 2016 Forecast Lifted 04/26/2016
Lockheed Launches Generation Beyond STEM Education Program 04/18/2016
Marillyn Hewson: Lockheed Increased 2015 R&D Spending to $839M to Meet National Security Demand 03/16/2016
Lockheed Martin Names John Mollard VP & Treasurer; Marillyn Hewson Comments 03/02/2016
John Rood Named Lockheed Martin Int'l Business SVP; Marillyn Hewson Comments 03/01/2016
Bloomberg: Lockheed Eyes F-16 Manufacturing in India 02/19/2016
Lockheed CEO Marillyn Hewson Elected to 2016 Wash100 for Strategy Shift, Shareholder Value Leadership 02/04/2016
Event Celebrates Sikorsky's Integration into Lockheed; Marillyn Hewson Comments 11/16/2015
Lockheed Appoints Dan Schultz President of New Sikorsky Unit; Marillyn Hewson Comments 11/09/2015
Weekly Roundup Oct 19 - Oct 23 2015: Contracting Giants Kick Off 3Q Earnings Season & more 10/23/2015
Lockheed 3Q Earnings, Revenue Top Forecasts; Marillyn Hewson Updates IS&GS Review and Sikorsky Buy 10/20/2015
Norway, Lockheed Unveil Country's First F-35A Jet; Marillyn Hewson Comments 09/23/2015
WEEKLY ROUNDUP JULY 27 – JULY 31 2015 07/31/2015
Marillyn Hewson: Lockheed to Keep Gov't Cyber Business 07/28/2015
Former NRO Director Bruce Carlson Elected to Lockheed Board; Marillyn Hewson Comments 06/26/2015
Reports: Germany to Purchase MEADS Missile Defense System for $4B 06/09/2015
Lockheed Eyes Growth Opportunities in Environmental Projects 03/23/2015
Marillyn Hewson Chosen To Wash100 for M&A, Tech Leadership 02/20/2015
Marillyn Hewson: Boeing-Lockheed Team Sees Opportunity in Air Force Bomber Competition 02/20/2015
Darrell Durst Describes Lockheed Strategy Against Cyber Attacks in 2014 02/19/2015
Lockheed's Marillyn Hewson Outlines Efforts to Address Challenges in Global Security Landscape 02/19/2015
Marillyn Hewson, Lockheed CEO, Selected to Wash100 for M&A and Tech Leadership 02/05/2015
Lockheed Reports 9% Revenue Spike in 4Q With F-35, Int'l Sales Growth 01/27/2015
Lockheed Promotes Robert Rangel to SVP for Washington Ops; Marillyn Hewson Comments 12/09/2014
Lockheed Martin Launches Abu Dhabi-Based Tech Collaboration Hub; Marillyn Hewson Comments 12/08/2014
Bridget Lauderdale Named Lockheed Corporate Strategy, BD SVP; Marillyn Hewson Comments 12/01/2014
Marillyn Hewson: Lockheed Continues Support for Energy Sector Through STEM Talent 11/19/2014
Frank Kendall to Discuss Acquisition Reform Effort with Industry Leaders 10/31/2014
WEEKLY ROUNDUP OCT 24 – OCT 30 2014 10/31/2014
Marillyn Hewson: Lockheed Makes Federal Health IT Play With Buy of Systems Made Simple 10/30/2014
Marillyn Hewson: Lockheed to Support US-Japan Security, Growth, Sustainability Programs 10/14/2014
HENAAC Names 3 Lockheed Honorees for Tech Innovations; Marillyn Hewson Comments 10/08/2014
Marillyn Hewson: Lockheed Extends Dividend Increases as Repurchase Program Continues 09/26/2014
Marillyn Hewson Highlights Lockheed STEM, Collaboration Initiatives 09/25/2014
Marillyn Hewson: Lockheed Eyes 20% Mark for Int'l Sales 08/06/2014
Lockheed Completes First Two F-35s for Australian Air Force; Marillyn Hewson Comments 07/25/2014
Marillyn Hewson: Lockheed Seeks to Complement Intell Sharing Tech Portfolio With Zeta Associates Buy 06/30/2014
Marillyn Hewson: Lockheed Brings Future Tech Today Through Partnerships, Innovation 06/10/2014
Marillyn Hewson: Lockheed to Add Astrotech's Satellite Launch Prep Offerings Through Acquisition 05/29/2014
Lockheed's Marillyn Hewson, MBDA's Thomas Homberg Discuss MEADS Technology 04/28/2014
Marillyn Hewson: Lockheed Opens Israeli Office to Help Back Military's Southern Strategy 04/10/2014
Marillyn Hewson: Lockheed Seeks Aviation IT Business Growth Through BEONTRA Buy 03/18/2014
Marillyn Hewson: Lockheed to Buy Industrial Defender for Commercial Cyber Push 03/12/2014
Marillyn Hewson on the White House's Voluntary Cybersecurity Framework 02/13/2014
Video: Lockheed CEO Marilyln Hewson on Govt Budgets, International Sales, F-35 Program & More 02/11/2014