Vance Coffman, chief executive of Lockheed Martin, will retire in August to be succeeded by president and chief operating officer Bob Stevens. Coffman plans to remain as chairman of the company until April 2005. Coffman has been with Lockheed and subsequently Lockheed Martin for 37 years, starting in Lockheed's Space Systems division in 1967 and becoming chief executive of the merged company in 1997 and chairman in 1998.
Source: Flight International
Airbus chief executive Guillaume Faury says the airframer has been “blindsided” by a sharp drop-off in CFM International Leap engine deliveries, and is waiting to see how soon the powerplant manufacturer can recover. Speaking at a half-year briefing on 30 July, Faury said the Leap delays were “not factored” into ...
Airbus is implementing a short-term cost-containment programme intended to support its production ramp-up efforts. Speaking during a first-half briefing, chief executive Guillaume Faury said the aim of the programme – which has been designated ‘Lead’ – is to prioritise serving the ramp-up and financial performance, and avoid being “distracted”. He ...
Airbus’s adjusted earnings for its commercial aircraft division were down by 13% to €1.95 billion ($2.11 billion) over the first half, as investments for future preparation offset the increase in deliveries. The airframer delivered 323 commercial aircraft over the first six months – up on the previous 316 and lifting ...
