Lockheed Martin Aeronautics' President Greg Ulmer to Retire, OJ Sanchez named successor
Lockheed Martin (NYSE: LMT) announced that Aeronautics President Greg Ulmer will retire after more than 30 years, effective June 1.
Rhea-AI Summary
Lockheed Martin (NYSE: LMT) announced that Aeronautics President Greg Ulmer will retire after more than 30 years, effective June 1. Orlando “OJ” Sanchez Jr. will succeed him as president of Aeronautics, a $30 billion business with >35,000 employees. Ulmer will serve as a strategic advisor during the transition. Sanchez joined Lockheed Martin in 2014 and most recently led Skunk Works.
Positive
- Experienced successor: OJ Sanchez led Skunk Works and joined Lockheed Martin in 2014
- Continuity plan: Ulmer will serve as a strategic advisor to support transition
- Aeronautics scale: a $30 billion business with more than 35,000 employees
Negative
- Departure of a long-tenured leader: Greg Ulmer retiring after 30+ years
- Leadership change for a core division effective June 1, 2026
Details
News Market Reaction – LMT
In the May 6 session, LMT gained 1.05%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Aeronautics business size
- $30 billion
- Revenue scale of Lockheed Martin Aeronautics segment cited in leadership release
- Aeronautics workforce
- more than 35,000 people
- Employee base in Aeronautics segment mentioned in article
- Ulmer tenure
- more than 30 years
- Length of Greg Ulmer’s service at Lockheed Martin before retirement
Historical Context
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Customer program mention
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24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
From his beginnings as a flight test engineer and his work across all of Lockheed Martin's major aircraft programs to his leadership delivering key advancements in the Aeronautics portfolio, Ulmer served in a variety of critical roles across the company.
Sanchez joined Lockheed Martin in 2014 following a successful career as an Air Force officer and F-22 combat fighter pilot. He most recently led Skunk Works® the proven center of innovation and delivery of some of the most impactful weapons systems in our nation's inventory.
"We are all thankful to Greg and what he has done throughout his career for our customers, nation and allies to strengthen global security through air power," said Lockheed Martin Chairman, President and CEO Jim Taiclet. "OJ has demonstrated steadfast leadership and a passion for performance and the mission -- we look forward to his continued impact as he leads Aeronautics into its next chapter."
"It has been the honor of a lifetime to serve alongside the talented men and women of Lockheed Martin Aeronautics. I am proud of all we have accomplished together in support of our customers and their critical missions, and I am deeply grateful for the opportunity to have been part of this remarkable team," said Ulmer.
Ulmer will serve as a strategic advisor to support a smooth transition.
"I am honored to step into the role of president of Lockheed Martin Aeronautics and grateful for the trust placed in me. Aeronautics has an extraordinary legacy, a critical mission and some of the best talent in the industry, and I look forward to building on that strong foundation as we continue to deliver results that matter for our customers and our company," said Sanchez.
About Lockheed Martin
Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at Lockheedmartin.com.
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SOURCE Lockheed Martin
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