Lockheed Martin (LMT) will reorganize its Electronic Systems unit into two business areas -...

|About: Lockheed Martin (LMT)|By:, SA News Editor

Lockheed Martin (LMT) will reorganize its Electronic Systems unit into two business areas - Missiles and Fire Control, and Mission Systems and Training - bringing its total divisions to five. The move and related executive shuffling is expected to save $50M/year.