Lockheed Martin (NYSE: LMT), the global defense technology powerhouse, has officially transitioned its Chief Financial Officer (CFO) role to Evan Scott, a 26-year veteran of the company’s finance leadership. This transition positions Lockheed Martin to continue its robust financial trajectory and advance its 21st Century Security® vision, according to a decisive update released on April 17, 2025 (SEC Source).
Evan Scott’s appointment, effective immediately, signals a calculated move by the Board to further operational discipline and drive shareholder value. Notably, Scott has held multiple senior roles within Lockheed Martin, including Treasurer and Chief Financial Officer across two major business segments, providing quantitative experience in capital allocation, enterprise risk management, and financial planning. “Over his 26 years at Lockheed Martin, Evan has earned the utmost respect as an experienced finance and operations leader, with deep understanding of our business and mission,” confirmed James Taiclet, Lockheed Martin Chairman, President, and CEO (Lockheed Martin Press Release).
The outgoing CFO, Jesus “Jay” Malave, will be departing to pursue other professional opportunities. Malave’s tenure witnessed Lockheed Martin posting annual revenues exceeding $65 billion and consistently maintaining industry-leading margins and return on invested capital (ROIC) metrics (Lockheed Martin FY2024 Results).
Importantly, Lockheed Martin has reconfirmed it will release Q1 2025 financial results and host its scheduled earnings webcast on April 22, 2025, at 11 a.m. ET. Management, including CEO James Taiclet and Maria Ricciardone (Vice President, Treasurer, and Investor Relations), will specifically reaffirm the company’s previously-issued full-year 2025 guidance—excluding the potential quantitative impacts of evolving tariffs and the recent Next Generation Air Dominance (NGAD) program announcement.
Investors and analysts are urged to review the earnings release and accompanying financial charts that will be made available at www.lockheedmartin.com/investor ahead of the market open on April 22, 2025. Key metrics for stakeholders to monitor will include revenue growth, free cash flow conversion rates, adjusted operating margin, and new defense contract wins as Lockheed Martin pivots strategically under Scott’s leadership.
Lockheed Martin’s innovative capabilities span all-domain mission solutions and integrated defense electronics, supporting its claim as a top global defense technology company. The CFO transition fortifies Lockheed Martin’s emphasis on financial stewardship, operational excellence, and advancing transformative technologies for U.S. and allied defense.
For direct queries, the company’s investor relations contact is Maria Ricciardone (+1 301-897-6800, investor.relations@lmco.com), while media inquiries may be directed to Rebecca Miller (+1 301-214-3030, media.relations@lmco.com).
Source: SEC.gov 8-K News Release | Lockheed Martin Investor Relations