Lockheed Martin CFO Malave departs, insider Scott takes over

Reuters

Thu, Apr 17, 2025, 6:30 AM 1 min read

(Reuters) -Lockheed Martin on Thursday announced the departure of its finance chief, Jesus Malave, and named longtime insider Evan Scott as his successor, effective immediately.

Evan previously held the role of treasurer and CFO of the U.S. defense company's two different business areas during his more than twenty year career at Lockheed.

Outgoing CFO Malave was in his role for a little over three years. He took charge at a time when Lockheed was in midst of a fight with U.S. regulators over its planned acquisition of Aerojet Rocketdyne. Aerojet was eventually bought by L3Harris.

Lockheed on Thursday also reaffirmed its previously issued 2025 forecast, which it said is exclusive of the evolving impacts of tariffs and the recent Next Generation Air Dominance announcement.

In January, the Bethesda, Maryland-based company forecast profit per share between $27 to $27.30 for 2025. Analysts expect $27.17 per share, according to data compiled by LSEG.

The company is expected to report its first-quarter results on April 22.

Shares of Lockheed were down more than 5% in morning trade.

(Reporting by Abhinav Parmar in Bengaluru; Editing by Shailesh Kuber)