Lockheed Martin said on April 17, 2025 that Chief Financial Officer Jay Malave advised the company he intends to pursue other opportunities outside the company, and that Evan T. Scott was appointed as his successor as Chief Financial Officer effective the same day.

1. 01

   Lockheed Martin said on April 17, 2025 that Chief Financial Officer Jay Malave advised the company he intends to pursue other opportunities outside the company, and that Evan T. Scott was appointed as his successor as Chief Financial Officer effective the same day.

2. 02

   The company said Mr. Malave’s departure is not related to any financial or accounting issue or to any disagreement with the company on matters relating to its operations, policies or practices.

3. 03

   The company said Scott has served as Vice President and Chief Financial Officer of the Missiles and Fire Control business segment since January 1, 2024. Effective April 21, 2025, his base salary will increase to $850,000, and his target annual incentive award will increase to 125% of base salary.

4. 04

   The company said it will hold its Q1 2025 earnings webcast as scheduled on April 22 at 11 a.m. ET. It said James Taiclet and Maria Ricciardone will reaffirm the company’s previously issued 2025 guidance, excluding the evolving impacts of tariffs and the recent Next Generation Air Dominance announcement.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.