Overview
Robert Stevens, executive chairman of Lockheed Martin Corp, the US based company operating in the aerospace and defense sector, has netted $97.31m in two share sales.
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The shares were approximately 1 million in total and were sold at an average price of US$101.88 each on 8 and 9 May 2013.
Robert Stevens serves as chairman of the board and CEO of Lockheed Martin Corporation, a high technology aerospace and defense company. He has held a variety of increasingly responsible executive positions with the corporation, including president and COO, CFO, and head of strategic planning through a career that has included experience in program management, finance, manufacturing, and operations.
In May 2012, Stevens also sold 522,000 shares together with the company’s executive vice president Joanne Maguire. The shares were sold at an average price of $88.78 per share for total gross proceeds of approximately $45.92m.
Compared to the same quarter last year, Lockheed Martin Corporation has seen revenues remain relatively flat ($11.3bn to $11.1bn), though the company was able to grow net income from $668.0m to $761.0m. A reduction in the percentage of sales devoted to cost of goods sold from 91.07% to 90.33% was a key component in the bottom line growth in the face of flat revenues.
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By GlobalDataIn January 2012, President Obama appointed Stevens to the Administration’s Advisory Committee for Trade Policy and Negotiations. On 14 December same year, Robert Stevens has been awarded the 2012 Wright Brothers Memorial Trophy for his contributions to the aerospace industry.
Stevens Robert J
-Full name: Mr Robert Stevens J
-Known as: Robert Stevens
-Gender: Male
-Age: 61
-Date of birth/Year: 1952
-Citizenship: United States of America
-Languages: English
Liquidity Events
– 9 May 2013 sale of 373,699 shares in Lockheed Martin Corporation for $38.05m
– 8 May 2013 sale of 581,301 shares in Lockheed Martin Corporation for $59.26m
– 4 May 2012 sale of 522,000 shares in Lockheed Martin Corporation for $45.92m
Profile
Mr. Robert J. Stevens serves as chairman of the board and CEO of Lockheed Martin Corporation, a high technology aerospace and defense company. He is a lead independent director of Monsanto Co. Mr. Stevens is a fellow of the American Astronautical Society, the American Institute of Aeronautics and Astronautics (AIAA), the Royal Aeronautical Society, and the International Academy of Astronautics. He serves on the international advisory board of the Atlantic Council and on the executive committee of the Aerospace Industries Association’s Board of Governors. He is a member of the Board of Directors of the Congressional Medal of Honor Foundation. He currently resides at United States. He holds a Masters’ degree in engineering and management from the Polytechnic University of New York and earned a Masters’ degree in business from Columbia University. Mr. Stevens is a graduate of the Department of Defense Systems Management College Program Management course.
For a more detailed profile of Robert Stevens see WealthInsight’s dossier: http://www.wealthinsight.com/Dossiers/Summary/41837
